Publication: South Africa Economic Update : Fiscal Policy and Redistribution in an Unequal Society
Date
2014-11
ISSN
Published
2014-11
Author(s)
World Bank
Abstract
The global economic recovery remains
uneven, as growth in the United States is gaining momentum
but appears to be at risk of stalling in the Euro Area and
Japan. U.S. growth is expected to gain pace over the rest of
the year and into 2015 as employment prospects boost real
income growth and confidence. Following the Euro Area s exit
from recession in 2013, GDP was flat in 2014, and
preliminary data for the third quarter suggest slowing
growth momentum amid weak domestic demand, ongoing balance
sheet adjustments, a fragmented banking sector, and rising
geopolitical risks. In Japan, a sales tax hike in April
caused a more significant contraction in activity than
expected, while exports failed to pick up.
Citation
“World Bank. 2014. South Africa Economic Update : Fiscal Policy and Redistribution in an Unequal Society. South Africa economic update;issue no. 6. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/20661 License: CC BY 3.0 IGO.”