South Africa: 2007 Article IV Consultation -Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 274

Publication date: August 2007

ISBN: 9781451841053

$20.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Business and Economics - Statistics , ISCR , CR , staff appraisal , market confidence , IMF staff representative , confidence , public , inflation pressure , authorities well , Current account deficits , Inflation , Exchange rates , Africa , Southern Africa , Global

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This 2007 Article IV Consultation highlights that real GDP in South Africa grew by 5 percent in 2006 and continued to grow vigorously in early 2007. Growth was driven by strong domestic demand, with private consumption and investment spending supported by continuing robust consumer and business sentiment and low interest rates until late 2006. Asset prices continued to rise rapidly in 2006 and early 2007. Executive Directors have considered that the economic outlook for South Africa remains broadly positive.