Economic Update - World Bank

Economic UpdateTHE World bank GROUP AFRICA REGION POVERTY REDUCTION & Economic MANAGEMENT JULy 2012 IssUE 3 South AfricaFocus on Inequality of OpportunitySouth Africa issue3 cover 1-27/19/12 5:27 PMSouth Africa issue3 cover 3-47/19/12 5:27 PMEconomic UpdateSouth AfricaFocus on Inequality of Opportunity 2012 The International bank for Reconstruction and Development/THE World BANK1818 H Street NWWashington, DC 20433 USAAll rights reservedThis report was prepared by the staff of the Africa Region Poverty Reduction and Economic Man-agement. The findings, interpretations, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the World bank s Board of Executive Directors or the countries they by John Hogg/ World report was designed, edited, and typeset by Communications Development Incorporated,Washington, vForeword viExecutive summary viiSection 1 Recent Economic developments 1 Global Economic prospects 1 Recent trends in South Africa 5 Economic outlook for South Africa 11 R

The World Bank is pleased to present the third South Africa Economic Update, with a focus on inequality of opportunity. In keeping with the earlier format, the

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