South Africa: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2023 Issue 194

Publication date: June 2023

ISBN: 9798400245312

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , IMF South Africa team , U , S , dollar , anchor inflation expectation , spending plan , IMF-World Bank , IMF team , keeping inflation expectation , Inflation , Private investment , Africa , Global

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Malawi

Summary

South Africa’s strong economic recovery from the COVID-19 pandemic is petering out. Growth moderated from 4.9 percent in 2021 to 2.0 percent in 2022 as the country was buffeted by Russia’s war in Ukraine, global monetary policy tightening, severe floods, and an unprecedented domestic energy crisis. Inflation rose above the target band though inflation expectations remained anchored. The current account moved back into a deficit after a temporary commodity-price driven surplus.