South Africa Economic Update

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dc.creatorWorld Bank
dc.date2017-06-27T16:39:26Z
dc.date2017-06-27T16:39:26Z
dc.date2011
dc.date.accessioned2026-07-01T01:00:30Z
dc.descriptionThe firming of the economic recovery is putting the policy spotlight back on the longer term challenge of faster, more inclusive Gross Domestic Product (GDP) growth. Modest investment rates despite attractive returns and low savings rates despite favorable demographics are important impediments. A virtuous cycle of faster capital accumulation, job creation (especially for the youth), and technological advancement needs to be stimulated. There are no quick fixes that can produce the desired stimulus. The quest for inclusive growth calls for a different, bolder approach. Integration of the advanced and less-developed economies and more effective integration with the global economy, using factory Southern Africa as a platform, hold considerable potential. South Africa's medium-term growth prospects point to a strengthening recovery. GDP growth is projected to be 3.5 percent in 2011, 4.1 percent in 2012 and 4.4 percent in 2013. The long term potential growth rate under the current policy environment is estimated at 3.5 percent. In light of South Africa's low national savings, the reemergence of high current account deficits, financed mostly through volatile portfolio flows, will reemerge as the biggest cause for macroeconomic concern over the medium term. With considerable strengthening of the economic recovery and GDP projected to reach its potential by 2014, the focus shifts back to the longer term challenge of raising GDP growth to 6-7 percent and making it much more inclusive to tackle the extremely high unemployment. This first issue is anchored in the national aspirations of faster and more inclusive growth, with special emphasis on the issues of savings and investment.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/115621468115472034/South-Africa-economic-update-focus-on-savings-investment-and-inclusive-growth
dc.identifierhttps://hdl.handle.net/10986/27346
dc.identifierhttps://doi.org/10.1596/27346
dc.identifier.urihttp://hdl.handle.net/123456789/414155
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE ARRANGEMENTS
dc.subjectADMINISTRATIVE DISCRETION
dc.subjectAGRICULTURE
dc.subjectANALYTICAL WORK
dc.subjectANNUAL GROWTH RATE
dc.subjectANNUAL RATE
dc.subjectANTI-CORRUPTION
dc.subjectBALANCE OF PAYMENTS
dc.subjectBILATERAL TRADE
dc.subjectBUDGET ALLOCATIONS
dc.subjectBUDGET DEFICIT
dc.subjectCD
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVICE REFORMS
dc.subjectCIVIL SOCIETY
dc.subjectCOALITIONS
dc.subjectCOMPETITIVENESS
dc.subjectCONSENSUS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRUPTION
dc.subjectCRISES
dc.subjectDEBT
dc.subjectDEBT SERVICE RATIO
dc.subjectDECENTRALIZATION
dc.subjectDECENTRALIZATION PROCESS
dc.subjectDECISION-MAKING
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT PROCESS
dc.subjectDEVELOPMENT PROJECTS
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDIRECT INVESTMENT
dc.subjectDISCLOSURE
dc.subjectDISCRETIONARY POWERS
dc.subjectDONOR COMMUNITY
dc.subjectDRINKING WATER
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPLICATIONS
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICIES
dc.subjectECONOMIC REFORMS
dc.subjectEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL POLICIES
dc.subjectFISCAL RESOURCES
dc.subjectFISCAL SITUATION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE REGIME
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGDP
dc.subjectGNP
dc.subjectGNP PER CAPITA
dc.subjectGOVERNANCE PROBLEMS
dc.subjectGOVERNMENT AUTHORITIES
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT CONSUMPTION
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENTAL ORGANIZATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PATH
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectHEADCOUNT INDEX
dc.subjectHEALTH CARE
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCE DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCREASED EMPHASIS
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSTITUTIONAL WEAKNESSES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE SURVEY
dc.subjectLACK OF ACCOUNTABILITY
dc.subjectLACK OF OWNERSHIP
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOCAL BODIES
dc.subjectLOCAL LEVEL
dc.subjectLOCAL LEVELS
dc.subjectLONG TERM
dc.subjectM2
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET INSTRUMENTS
dc.subjectMINISTRY OF FINANCE
dc.subjectMONARCHY
dc.subjectMONEY SUPPLY
dc.subjectMONOPOLIES
dc.subjectMOTIVATIONS
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL PLANNING
dc.subjectNATIONS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPER-CAPITA INCOME
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL INTERFERENCE
dc.subjectPOLITICAL PARTIES
dc.subjectPOLITICAL STABILITY
dc.subjectPOPULATION GROWTH
dc.subjectPOVERTY LINE
dc.subjectPOVERTY REDUCTION
dc.subjectPRIMARY SCHOOL
dc.subjectPRIORITY AREAS
dc.subjectPRIVATE COSTS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTORS
dc.subjectPRIVILEGED GROUPS
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectRATIONALIZATION
dc.subjectRECURRENT EXPENDITURES
dc.subjectREDUCING POVERTY
dc.subjectREPRESENTATIVES
dc.subjectRESOURCE CONSTRAINTS
dc.subjectRESOURCE USE
dc.subjectRULE OF LAW
dc.subjectRURAL AREAS
dc.subjectRURAL COMMUNITIES
dc.subjectSAVINGS
dc.subjectSERVICE DELIVERY
dc.subjectSHORT TERM
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOCIAL INDICATORS
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSOCIAL SECTORS
dc.subjectSOCIAL SERVICES
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COMPLIANCE
dc.subjectTAX REFORMS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTECHNICAL CAPACITY
dc.subjectTECHNICAL SERVICES
dc.subjectTECHNICAL SUPPORT
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL EXPENDITURES
dc.subjectTRADE BALANCE
dc.subjectTRADE POLICIES
dc.subjectTRANSPARENCY
dc.subjectURBAN POPULATION
dc.subjectVALUATION
dc.subjectVALUE ADDED
dc.subjectVULNERABLE GROUPS
dc.subjectWATER RESOURCES
dc.subjectWORLD TRADE ORGANIZATION
dc.titleSouth Africa Economic Update
dc.titleFocus on Savings, Investment, and Inclusive Growth
dc.typeReport
dc.typeRapport
dc.typeInforme

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