South Africa: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

July 30, 2018

Preview Citation

Format: Chicago

South Africa: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa, (USA: International Monetary Fund, 2018) accessed November 27, 2024

Summary

Reflecting slow progress on reforms, weakened governance, and elevated policy uncertainty, growth remains subdued. With the economy unable to create enough jobs, the quest for inclusive growth has been elusive, making South Africa one of the most unequal societies. Growing government spending has led to a doubling of public debt in the last decade. Credible monetary policy has kept inflation expectations anchored, albeit at near the top of the target band. The current account deficit remains financed by potentially volatile portfolio inflows. The new administration’s immediate priority has focused on improving governance and restoring confidence.

Subject: Banking, Expenditure, Fiscal policy, Inflation, National accounts, Prices, Private investment, Public debt

Keywords: Africa, Authority, CR, Fiscal consolidation plan, GDP, Global, Inflation, ISCR, Policy, Policy implementation, Policy option, Policy uncertainty, Private investment, State capture

Publication Details

Pages:

117
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/246
Stock No:

1ZAFEA2018001
ISBN:

9781484371411
ISSN:

1934-7685

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