South Africa : Financial Sector Assessment Program-Financial System Stability Assessment.

The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed the fi...

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Співавтор: International Monetary Fund. Monetary and Capital Markets Department
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2022.
Серія:IMF Staff Country Reports; Country Report ; No. 2022/039
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Онлайн доступ:Full text available on IMF
Опис
Резюме:The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed the financial system to handle the COVID-19 shock relatively well, but domestic and external downside risks remain substantial-with potential implications for asset quality, profitability, and solvency.
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Фізичний опис:1 online resource (64 pages)
Формат:Mode of access: Internet
ISSN:1934-7685
Доступ:Electronic access restricted to authorized BRAC University faculty, staff and students