South Africa: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

International Monetary Fund

No 2017/189, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that South Africa’s vulnerabilities have become more pronounced and are set to increase further unless economic growth revives. Following near-standstill in economic activity in 2016, growth is projected to increase to 1.0 percent in 2017 and 1.2 percent in 2018. The current account deficit is projected to decline to 3 percent of GDP in 2017, boosted by mining and agricultural exports. Consumer price inflation recently returned below 6 percent, owing in part to the easing of the drought, and is projected to remain marginally below the upper threshold of the 3–6 percent target band for the remainder of 2017 and in 2018.

Keywords: ISCR; CR; U.S. dollar; monetary policy; deficit; increase private sector participation; technical assistance; IMF South Africa team; headline inflation; national minimum wage; indexation move; Income; Personal income; Africa; Global (search for similar items in EconPapers)
Pages: 106
Date: 2017-07-06
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45044 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/189

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().