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2013 OECD Economic Outlook, Volume 2013 Issue 1

image of OECD Economic Outlook, Volume 2013 Issue 1

The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.

Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.

 

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South Africa

Faster growth is expected on the back of a weaker rand and a pick-up in world trade. Domestic demand is being held back by low consumer confidence and weak real income growth. As accelerating exports feed into the domestic economy, growth should become stronger and reach potential towards the end of 2014. Higher exports are projected to narrow the current account deficit. Inflation has risen but is projected to be contained by the large degree of slack in the economy.

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