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International Monetary Fund. Statistics Dept.

Abstract

The 2013 Annual Report of the IMF Committee on Balance of Payments Statistics (Committee) provides an overview of recent trends and discrepancies in global balance of payments statistics, and summarizes the Committee’s work program during 2013 andthe issues the Committee plans to address in the coming year.

International Monetary Fund
This 2007 Article IV Consultation highlights that real GDP in South Africa grew by 5 percent in 2006 and continued to grow vigorously in early 2007. Growth was driven by strong domestic demand, with private consumption and investment spending supported by continuing robust consumer and business sentiment and low interest rates until late 2006. Asset prices continued to rise rapidly in 2006 and early 2007. Executive Directors have considered that the economic outlook for South Africa remains broadly positive.