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 Risks to the outlook 12 Section 2 The state of human opportunity in South Africa 15 Opportunities among children 18 Inequality in labor market opportunities 30 Conclusions

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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