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South Africa: 2013 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2013 Article IV Consultation highlights that South Africa’s economy has underperformed other emerging markets and commodity exporters, exacerbating South Africa’s already-high levels of unemployment (25 percent) and inequality, and contributing to rising social tensions. At the same time, weak trading partner growth, coupled with declining competitiveness and countercyclical fiscal policy, have led to rising fiscal and current account deficits and made South Africa vulnerable to a prolonged reversal of capital inflows. The outlook is for continued sluggish growth and elevated current account deficits. Growth is projected at 2 percent in 2013 as weak consumption growth and lackluster private investment offset robust public investment and higher export growth.

Suggested Citation

  • International Monetary Fund, 2013. "South Africa: 2013 Article IV Consultation," IMF Staff Country Reports 2013/303, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/303
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    References listed on IDEAS

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    1. Nir Klein, 2012. "Real Wage, Labor Productivity, and Employment Trends in South Africa: A Closer Look," IMF Working Papers 2012/092, International Monetary Fund.
    2. Romain Bouis & Romain Duval, 2011. "Raising Potential Growth After the Crisis: A Quantitative Assessment of the Potential Gains from Various Structural Reforms in the OECD Area and Beyond," OECD Economics Department Working Papers 835, OECD Publishing.
    3. Mr. Anthony M Annett, 2007. "Lessons from Successful Labor Market Reformers in Europe," IMF Policy Discussion Papers 2007/001, International Monetary Fund.
    4. International Labour Office., 2013. "Global employment trends for youth 2013 : a generation at risk," Global Employment Trends Reports 994816973402676, International Labour Office, Economic and Labour Market Analysis Department.
    5. repec:imf:imfdps:2011/007 is not listed on IDEAS
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    Cited by:

    1. Almansour, Aseel & Aslam, Aqib & Bluedorn, John & Duttagupta, Rupa, 2015. "How vulnerable are emerging markets to external shocks?," Journal of Policy Modeling, Elsevier, vol. 37(3), pages 460-483.
    2. Innocent.U.Duru & Peter Siyan, 2019. "Empirical Investigation of Exports and Economic Growth: Evidence from Sane Countries, 1980-2016," Asian Development Policy Review, Asian Economic and Social Society, vol. 7(4), pages 318-354, December.

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