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The Republic of South Africa

George Dumitrescu ()

Conjunctura economiei mondiale / World Economic Studies, 2015

Abstract: According to the latest forecasts of the IMF, the economic activity in the Republic of South Africa will recover slightly in 2015-2016, after the relative decline in 2014, as the national currency depreciation will stimulate exports, but also in the context of an accelerated world economic growth and an increase in international trade. The general framework of macroeconomic policies is expected to remain unchanged in the next three years, as the African National Congress won elections last year by a comfortable majority. The unemployment rate will continue to maintain very high. The budget deficit and public debt will grow further in 2015-2016, representing weaknesses of the South African economy.

Keywords: South Africa; economic growth; unemployment; public debt (search for similar items in EconPapers)
Date: 2015
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Journal Article: The Republic of South Africa (2016)
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