South Africa: Selected Economic Issues

International Monetary Fund

No 1996/064, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Economic Issues paper examines economic development in South Africa during 1995–96. The paper highlights that in 1995, the economy of South Africa grew by 3.3 percent, the third consecutive year of economic growth, and it is expected to grow between 3½ and 4 percent in 1996. Some aspects of the unemployment problem are addressed in this paper. The paper also focuses on the implications for policy of the steps taken in 1994 and 1995 to establish an outward-oriented economy, after many years of effective autarky.

Keywords: ISCR; CR; government; GDP; trade; saving; rand; government saving; EU market duty-free; global bond; EU foreign ministers; EU competition; Mining sector; Tariffs; Private savings; Non-renewable resources; Imports; Africa; Southern Africa; Global (search for similar items in EconPapers)
Pages: 178
Date: 1996-07-18
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