South Africa Economic Update, February 2016

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.

Bibliographic Details

Main Author:	World Bank Group
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Pretoria 2016-02
Subjects:	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,
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25857526/south-africa-economic-update-promoting-faster-growth-poverty-alleviation-through-competition https://hdl.handle.net/10986/23762
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