South Africa is seeing its longest expansion, thanks in part to sound policies. But inflation has risen, power supply constrains growth, a widening current account deficit raises vulnerability, and unemployment remains high.
COUNTRY FOCUS SOUTH AFRICA
- International Monetary Fund. External Relations Dept.
- Published Date:
- April 2008
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Sources: South African Reserve Bank; Statistics South Africa; and IMF staff estimates.1 Estimate.2 Consumer price index excluding mortgage interest (targeted by Reserve Bank).3 Through third quarter.