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South Africa Economic Update, February 2016 : Promoting Faster Growth and Poverty Alleviation through Competition

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
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World Bank, Pretoria
Africa
2016-02-25T22:53:16Z | 2016-02-25T22:53:16Z | 2016-02

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.

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