South Africa Economic Update, February 2016
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World Bank, Pretoria
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Promoting faster growth and poverty
alleviation through competition is particularly important
for South Africa, which is facing weak economic growth and
limited fiscal resources and has to look to avenues outside
the fiscal space to stimulate faster sustainable growth and
progress towards its ultimate goal of eliminating poverty,
outlined in the 2030 National Development Plan (NDP). The
update presents a candid assessment of South Africa’s
economic prospects. With growth declining in per capita
terms the NDP goals are moving further out of reach. South
Africa urgently needs fundamental reforms to kick start
growth and promote job creation. Advancing with reforms to
improve the lives of South Africans is particularly
attractive, since they hold the potential to boost growth
and speed up poverty alleviation. Competition policy
demonstrates the power of bold reform to ease pressures in
times of a tight public purse. The report is organized as
follows: section one presents economic developments and
prospects, and section two presents promoting faster growth
and poverty alleviation through effective competition policy.
Palabras clave
AUCTION, LIVING STANDARDS, PRODUCER PRICE INDEX, MERCHANDISE, MONETARY POLICY, RISKS, CAPITAL MARKETS, REGULATORY FRAMEWORK, RETAIL PRICE, EXPORT MARKETS, DURABLE GOODS, MARKET STRUCTURE, ECONOMIC GROWTH, PRODUCTION, PRODUCT MARKET, PRICE INCREASES, STOCK, SALES, INCOME, INTEREST, PRICE ELASTICITY OF DEMAND, REAL GDP, LIQUIDITY, EXPORTS, DOMESTIC MARKET, PRICE INDICES, FISCAL POLICY, WELFARE, ECONOMIC EFFECTS, FAIR, DISTRIBUTION, PRICING, PRICE WARS, PRICE, INPUTS, OWNERSHIP, RETAIL TRADE, DUMPING, INPUT PRICES, INFLATION, MERCHANDISE TRADE, RETAIL, TRENDS, ECONOMIC OUTLOOK, CENTRAL BANK, PRICE FIXING, DEVELOPMENT, LABOR MARKET, TRADE BALANCE, MARKET CONCENTRATION, COLLUSION, COSTS, COMMERCE, MARKET REFORMS, BRANDS, TELECOMMUNICATIONS, ECONOMIC COOPERATION, PRODUCTS, SERVICES MARKET, PRODUCTIVITY, MONOPOLY, EMERGING MARKET, DEBT, BARRIERS TO ENTRY, INCOME EFFECTS, MARKETS, NET EXPORTS, CARTEL, PRODUCT, INVENTORIES, COMMODITY PRICE, PRICE INFLATION, EXPENDITURE, UNEMPLOYMENT, EMERGING MARKETS, AUCTIONS, PRODUCTIVITY GROWTH, CONSUMPTION, VALUE ADDED, SURPLUSES, SUBSTITUTE, CAPITAL, WAGES, DOMESTIC MARKETS, VOLATILITY, UNEMPLOYMENT RATE, COMPETITION POLICY, FINANCIAL CRISIS, MERCHANDISE EXPORTS, TURNOVER, MARKET PRICES, VALUE, COMPETITIVENESS, PRODUCER PRICE, ASSET PURCHASE, DEMAND, AGGREGATE DEMAND, NDP, FACTOR PRICES, PRICE STABILITY, CONSUMER PRICE, PRICE CHANGES, EXPENDITURES, ECONOMY, AGRICULTURE, CONSUMER PRICE INFLATION, PRICE EFFECT, SALE, SHARES, MARKET, RETAIL PRICES, INCOME EFFECT, PRICE INCREASE, MARKET VALUE, MONETARY POLICIES, TRADE, CATERING, REGULATORY POLICY, GDP, GOODS, MARKET SHARE, MARKET VOLATILITY, FINANCIAL MARKET, GROWTH RATE, STOCKS, INVESTMENT, ADVERSE IMPACT, MONOPOLIES, FINANCIAL MARKETS, SUPPLY, PURCHASING, PRODUCT MARKETS, MARKET POWER, MARKETPLACE, PRICE COMPARISON, INVESTMENTS, OPEN MARKETS, CONSUMER PRICE INDEX, CONSUMER PRICES, PRICE INDEXES, SUPPLIERS, PROFITS, PRICE CONTROLS, PRICE INDEX, LABOR MARKETS, COMMODITY PRICES, OUTCOMES, MACROECONOMIC PERFORMANCE, PRICES, GROWTH PROJECTIONS, BENEFITS, SPREAD, STORAGE, COMPETITION