Country Report South Africa September 2009
| Publication Date | September 2009 |
|---|---|
| Publisher | EIU |
| Product Type | Report |
| Pages | 29 |
| ISBN Number | not applicable |
| Product Code | EIU00497 |
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Summary
Outlook for 2009-10
- South Africa's new president, Jacob Zuma, will try to strengthen the African National Congress (ANC) and deliver socio-economic development, but popular impatience and a shrinking economy will make this a formidable challenge.
- Mr Zuma will need his skills as a conciliator to balance the demands of his left-wing allies with those of the ANC centre, although the moderate viewpoint is likely to prevail.
- Given the rapidly declining business and consumer confidence, the government's fiscal loosening will have a limited effect and the economy is forecast to contract by 2.2% in 2009, before recovering to 3.1% in 2010.
- The rand will continue to depreciate but, having staged a rebound in mid-2009, is now forecast to be stronger than previously expected and to trade at R8.73:US$1 in 2009 and R9.5:US$1 in 2010.
- The current-account deficit is expected to fall to 5.4% of GDP in 2009 (as external trade retreats)??
Content
- Highlights
- Outlook for 2009-10: Domestic politics
- Outlook for 2009-10: In focus
- Outlook for 2009-10: International relations
- Outlook for 2009-10: Policy trends
- Outlook for 2009-10: In focus
- Outlook for 2009-10: Fiscal policy
- Outlook for 2009-10: Monetary policy
- Outlook for 2009-10: International assumptions
- Outlook for 2009-10: Economic growth
- Outlook for 2009-10: Inflation
- Outlook for 2009-10: Exchange rates
- Outlook for 2009-10: External sector
- Outlook for 2009-10: Forecast summary
- The political scene: Better relations between South Africa and the US
- The political scene: President Zuma takes a large delegation to Angola
- The political scene: In focus
- Economic policy: SARB reduces interest rates for the fifth time in 2009
- Economic policy: The Treasury reopens a sovereign bond
- Economic policy: The prospect of a new mining company moves a little closer
- Economic policy: A controversial new competition act is signed
- Economic performance: Economy continues to contract but the recession is easing
- Economic performance: The worst may be over for the manufacturing sector
- Economic performance: The current-account deficit tumbles as imports slide
- Economic performance: Capital inflows are edging up
- Economic performance: In focus
- Data and charts: Annual data and forecast
- Data and charts: Quarterly data
- Data and charts: Monthly data
- Data and charts: Annual trends charts
- Data and charts: Monthly trends charts
- Data and charts: Comparative economic indicators
- Basic data
- Political structure
Delivery Details
PDF:Immediate delivery
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