South Africa: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2004/178, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2003 Article IV Consultation highlights that the South African economy performed well in 2002, notwithstanding difficult global economic conditions. Supported by sound macroeconomic management and a highly competitive exchange rate, real GDP growth rose to 3.0 percent in 2002 from 2.8 percent in 2001. However, growth slowed to 1.5 percent in the first quarter of 2003, largely in response to a strong currency appreciation and tight financial conditions. The sharp currency depreciation that occurred in the second half of 2001 provided a major boost to activity during much of 2002.

Keywords: ISCR; CR; CPIX inflation; mining output; vehicle sale; exchange rate; price pressure; activity indicator; Inflation; Exchange rates; Unemployment; Employment; Africa; Global (search for similar items in EconPapers)
Pages: 69
Date: 2004-07-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=17490 (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:2004/178

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 ().