South Africa: 2014 Article IV Consultation-Staff Report; Informational Annex; Debt Sustainability Analysis; Staff Statement; Press Release; and Statement by the Executive Director for South Africa

South Africa: 2014 Article IV Consultation-Staff Report; Informational Annex; Debt Sustainability Analysis; Staff Statement; Press Release; and Statement by the Executive Director for South Africa

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This 2014 Article IV Consultation highlights that South Africaa€™s growth has slowed in recent years, specifically relative to other emerging markets. Although weak trading partnersa€™ growth contributed to the slowdown, increasingly binding structural constraints, such as protracted strikes and electricity constraints, have been important factors. Unemployment remains high at 25.5 percent. Notwithstanding expenditure discipline, the general government budget deficit was 4.5 percent of GDP in 2013, and public debt rose to 45 percent of GDP from 27 percent in 2008. The outlook is lackluster with considerable risks. Growth is projected to slow to 1.4 percent in 2014 and rebound only modestly to 2.1 percent in 2015 on improved industrial relations.10-Year Bond Yields 130 (Index, January 1, 2013 = 100) South Africa 110 115 120 125 105 JPMorgan GBI-EM Core May 13 Sep 13 ... 60 70 Overperformance of companies with agt;70 percent foreign sales against those with alt; 40 Stock Market anbsp;...


Title:South Africa: 2014 Article IV Consultation-Staff Report; Informational Annex; Debt Sustainability Analysis; Staff Statement; Press Release; and Statement by the Executive Director for South Africa
Author: International Monetary Fund. African Dept.
Publisher:International Monetary Fund - 2014-12-11
ISBN-13:

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