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Southern Africa Quarterly Overview and Analysis, Second Quarter 2013
Economic activity in Southern Africa remained quite strong in the second quarter, giving optimism that the region is on course to attain a projected annual average growth rate of 4.4 percent.
Growth performance in Southern Africa is benefiting from prudent macroeconomic policies, which are becoming a mainstay in many countries. Fiscal restraint has contributed to easing inflation across the region. Inflation in Southern Africa is expected to slow down slightly to 6.1 percent in 2013 from 6.8 percent in 2012, and in several countries the second quarter performance was in line with the decline.
Growth performance in Southern Africa is benefiting from prudent macroeconomic policies, which are becoming a mainstay in many countries. Fiscal restraint has contributed to easing inflation across the region. Inflation in Southern Africa is expected to slow down slightly to 6.1 percent in 2013 from 6.8 percent in 2012, and in several countries the second quarter performance was in line with the decline.