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South Africa: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 347
Language:
English
Publication Date:
22 Oct 2008
DOI:
https://doi.org/10.5089/9781451841060.002
ISBN:
9781451841060
ISSN:
1934-7685
Pages:
63
Keywords:
ISCR; CR; price; GDP; interest rate; inflation expectation; price shock; stamp duty; deteriorated inflation outlook; underlying inflation; Inflation; Income; Private savings; Income and capital gains taxes; Africa; Global
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This Selected Issues paper discusses the policy response by a sample of central banks to the ongoing oil and food price shocks in South Africa, drawing some lessons, which can help put in context developments in the country. The paper discusses first- and second-round effects of “supply shocks,” and attempts to gauge second-round effects in South Africa. The paper also analyzes the factors that have constrained South Africa’s growth since the end of apartheid, by comparing its GDP components and its saving and investment performance with those of a panel of faster-growing countries.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund