South Africa: Selected Issues

International Monetary Fund

No 2016/218, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes South Africa’s economic development and challenges. South Africa has made considerable economic and social progress over the past two decades, but faces substantial challenges. Global transitions—China’s slowdown and rebalancing, weak commodity prices, and U.S. monetary policy normalization—are taking a heavy toll on South Africa. Growth and employment, which were already low, are faltering and continue to underperform peer countries. Vulnerabilities remain elevated and have increased in the real and fiscal sectors. Boosting growth and job creation, thus reducing extremely high unemployment and inequality, and promoting social transformation remain South Africa’s key challenges.

Keywords: ISCR; CR; China; debt; growth slowdown; rating downgrade; China GDP growth; oil imports; commodity export price; export commodity price; commodity export price shock; Commodity prices; Sovereign bonds; Capital flows; Credit; Africa; Global (search for similar items in EconPapers)
Pages: 28
Date: 2016-07-07
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