Cover IMF Staff Country Reports
South Africa: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 246
Language:
English
Publication Date:
30 Jul 2018
DOI:
https://doi.org/10.5089/9781484371411.002
ISBN:
9781484371411
ISSN:
1934-7685
Pages:
117
Keywords:
ISCR; CR; authority; GDP; policy uncertainty; policy; fiscal consolidation plan; state capture; policy implementation; policy option; Inflation; Private investment; Africa; Global
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Reflecting slow progress on reforms, weakened governance, and elevated policy uncertainty, growth remains subdued. With the economy unable to create enough jobs, the quest for inclusive growth has been elusive, making South Africa one of the most unequal societies. Growing government spending has led to a doubling of public debt in the last decade. Credible monetary policy has kept inflation expectations anchored, albeit at near the top of the target band. The current account deficit remains financed by potentially volatile portfolio inflows. The new administration’s immediate priority has focused on improving governance and restoring confidence.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2018: Issue 246