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150128 ||| eng |
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|a 9781451841077
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245 |
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|a South Africa
|b 2008 Article IV Consultation; Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussions; and Statement by the Executive Director for South Africa
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2008
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300 |
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|a 63 pages
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710 |
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Staff Country Reports
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|a 10.5089/9781451841077.002
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856 |
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|u http://elibrary.imf.org/view/journals/002/2008/348/002.2008.issue-348-en.xml
|x Verlag
|3 Volltext
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|a 330
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|a This 2008 Article IV Consultation highlights that South Africa's economic performance has strengthened in the last several years, with real GDP growing by 5-5 1\2 percent in 2005-07, inflation declining to mid-single digits until recently, and employment growing steadily. However, 2008 saw a slowdown in activity, reflecting the cumulative impact of electricity power shortages, the global slowdown, and past monetary tightening. Executive Directors have welcomed the authorities' pursuit of a prudent fiscal policy, and their intention to maintain a broadly neutral fiscal stance in 2008
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