Showing 1 - 10 of 17
South Africa has made impressive strides in economic development over the past two decades. But in recent years, lower growth has exacerbated high unemployment, inequality, and vulnerabilities. Although weak trading partner growth contributed, domestic factors were an important reason why South...
Persistent link: https://www.econbiz.de/10014394613
This Selected Issues paper explores the link between social grants and employment in South Africa. Social grants have played an important role in alleviating poverty and inequality in South Africa. The literature has analyzed the link between social grants, means-tested and unconditional on...
Persistent link: https://www.econbiz.de/10015059385
This 2023 Article IV Consultation highlights that South Africa's economy is facing mounting economic and social challenges. 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,...
Persistent link: https://www.econbiz.de/10015059386
KEY ISSUES Context. South African citizens’ living standards have improved substantially in the first twenty years of democracy. But in recent years the economy has underperformed peers. The outlook is lackluster, with low growth, high unemployment, and elevated twin deficits. As in many...
Persistent link: https://www.econbiz.de/10014411759
The COVID-19 outbreak is leading to a sharp economic contraction and creating significant financing needs in South Africa. The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI) to support the authorities' efforts in addressing the...
Persistent link: https://www.econbiz.de/10015057933
Persistent link: https://www.econbiz.de/10015058555
Angola's economic recovery in 2021/22 was nearly halted in 2023 by a double shock, as both oil production and prices … by cutting fuel subsidies, and tightened monetary policy. Angola continues to face significant challenges, including debt …
Persistent link: https://www.econbiz.de/10015058556
KEY ISSUES Context: Angola has returned to a path of solid economic growth, with single-digit inflation, a strong … public financial management. Angola should take advantage of continued high oil prices to put in place reforms that will lead … and key issues related to Angola’s capacity to repay the Fund, including the need for: prudent fiscal policies to support …
Persistent link: https://www.econbiz.de/10014411190
KEY ISSUES Context and outlook: Angola’s recent economic developments have been positive, but softening oil revenue and … recommendations: • Return to structural fiscal surpluses in line with the objective set forth in Angola’s Sovereign Wealth Fund, by …
Persistent link: https://www.econbiz.de/10014411517
This Selected Issues paper describes external balance assessment in Angola. Angola's external balance appears …
Persistent link: https://www.econbiz.de/10014411518