DMSDR1S-#5100733-v64-South Africa - STAFF REPORT for …

south Africa . STAFF REPORT FOR THE 2013 article IV consultation . July 19, 2013. KEY ISSUES. Context: 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 Africa 's growth has been below that of other emerging markets. Large current account and fiscal deficits, so far easily financed by global liquidity, have raised vulnerabilities. Outlook and Risks: The outlook is for continued sluggish growth and elevated current account deficits, reflecting global developments and important domestic factors.

SOUTH AFRICA STAFF REPORT FOR THE 2013 ARTICLE IV CONSULTATION KEY ISSUES Context: South Africa has made impressive strides in economic development over the past two decades. But in recent years, lower growth has exacerbated high

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