Kahn, Brian2012-03-302012-03-302009-12-01Development Outreach1020-797Xhttps://hdl.handle.net/10986/4600South Africa’s policy response to the crisis should to some extent help contain the contraction. Nevertheless, the recovery is likely to be slow and hesitant.CC BY 3.0 IGObalance of paymentsbasis pointsbanking systemcommodity pricesconsumption expendituredeficitsdollar pricesdomestic equitiesdomestic marketsemerging marketemerging market economiesfinancial marketsemerging marketsinflationmonetary policyportfolioportfolio capitalreporepo ratetrade unionsJournal ArticleWorld Bank10.1596/1020-797X_11_3_22