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The purpose of the mission was to improve the understanding of the conduct of monetary policy in an inflation targeting …
Persistent link: https://www.econbiz.de/10012516441
South Africa's subpar economic performance over the last decade has weakened its macroeconomic fundamentals and social indicators. In response to formidable COVID-19-related challenges, government expenditure surged, and, amid declining revenue, the budget deficit widened significantly. The...
Persistent link: https://www.econbiz.de/10013169074
fundamentals and desirable policies. Inflation has slowed to around the mid-point of the target band, aided by one-off factors, but … inflation expectations are higher. Banks are sound, albeit with pockets of vulnerabilities. In the absence of fiscal space, a …
Persistent link: https://www.econbiz.de/10012178612
This Selected Issues paper studies the growth-inflation trade-off of monetary policy in South Africa. The combination … of low growth and stubbornly high inflation expectations for a protracted period has complicated monetary policy … decisions. The IMF staff analysis contributes to the ongoing growth-inflation trade-off discussion in South Africa, concluding …
Persistent link: https://www.econbiz.de/10012178615
South Africa has made considerable economic and social strides since 1994, but faces significant challenges. Deep-rooted structural problems-infrastructure bottlenecks, skill mismatches, and harmful insider-outsider dynamics-have kept unemployment and inequality unacceptably high. Also, a...
Persistent link: https://www.econbiz.de/10011675664
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...
Persistent link: https://www.econbiz.de/10011675666
This Technical Assistance report lists key issues discussed between the IMF's Fiscal Affairs Department (FAD) and the Davis Tax Committee regarding recommendations for tax reforms in the oil and gas sector in South Africa. It is suggested that the royalty should have a single flat rate, rather...
Persistent link: https://www.econbiz.de/10011689044
monetary policy has kept inflation expectations anchored, albeit at near the top of the target band. The current account …
Persistent link: https://www.econbiz.de/10011919820
This Selected Issues paper analyzes impact of debt on growth in South Africa. A permanent increase of four percentage points of gross domestic product (GDP) in national government expenditure underlies the doubling of public debt in the last decade. The wage bill accounted for most of the...
Persistent link: https://www.econbiz.de/10011919827