South Africa: Selected Issues

July 7, 2016

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Format: Chicago

South Africa: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 26, 2024

Summary

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.

Subject: Balance of payments, Banking, Capital flows, Commodity prices, Credit, Financial institutions, Foreign exchange, Mining sector, Money, Prices, Sovereign bonds

Keywords: Africa, Capital flows, China, China GDP growth, Commodity export price, Commodity export price shock, Commodity prices, CR, Credit, Debt, Export commodity price, Global, Growth slowdown, ISCR, Oil imports, Rating downgrade, Sovereign bonds

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/218
Stock No:

1ZAFEA2016002
ISBN:

9781475568615
ISSN:

1934-7685

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