Presentation is loading. Please wait.

Presentation is loading. Please wait.

PORTFOLIO AND SELECT COMMITTEES ON FINANCE June 2006.

Similar presentations


Presentation on theme: "PORTFOLIO AND SELECT COMMITTEES ON FINANCE June 2006."— Presentation transcript:

1 PORTFOLIO AND SELECT COMMITTEES ON FINANCE June 2006

2 RECENT ECONOMIC DEVELOPMENTS International Economy

3 International oil price

4 OECD leading indicator and industrial production

5 World economic outlook: Real GDP Annual percentage change in real GDP Actual Projections 2005 2006 2007 World 4,8 4,9 4,7 Advanced economies 2,7 3,0 2,8 United States3,5 3,4 3,3 Japan 2,7 2,8 2,1 Euro area 1,3 2,0 1,9 United Kingdom 1,8 2,5 2,7 Newly industrialised Asian economies* 4,6 5,2 4,5 Emerging-market and developing countries 7,2 6,9 6,6 Africa 5,2 5,7 5,5 South Africa4,9 4,3 4,1 Central and eastern Europe 5,3 5,2 4,8 Developing Asia 8,6 8,2 8,0 China 9,9 9,5 9,0 India 8,3 7,3 7,0 Western hemisphere4,3 4,3 3,6 * Include Hong Kong SAR, Korea, Singapore and Taiwan Province of China Source: IMF World Economic Outlook, April 2006

6 World economic outlook: Consumer prices Annual percentage change in consumer prices Actual Projections 2005 2006 2007 World3,8 3,8 3,5 Advanced economies 2,3 2,3 2,1 United States 3,4 3,2 2,5 Japan -0,3 0,3 0,6 Euro area 2,2 2,1 2,2 United Kingdom 2,1 1,9 1,9 Newly industrialised Asian economies* 2,2 2,2 2,3 Emerging-market and developing countries 5,4 5,4 4,8 Africa 8,5 9,1 7,3 South Africa 3,4 4,5 4,9 Central and eastern Europe 4,8 4,1 3,4 Developing Asia3,6 3,9 3,5 China 1,8 2,0 2,2 India4,2 4,8 4,9 Western hemisphere6,3 5,8 5,6 * Include Hong Kong SAR, Korea, Singapore and Taiwan Province of China Source: IMF World Economic Outlook, April 200

7 Key central bank interest rates Per cent Countries 1 January 2005 13 June 2006 Latest change (Percentage points) United States 2,255,00 10 May 2006 (+0,25) Japan 0,00 0,00 19 Mar 2001 (-0,15) Euro area 2,00 2,75 8 Jun 2006 (+0,25) United Kingdom 4,75 4,50 4 Aug 2005 (-0,25) Canada 2,50 4,25 24 May 2006 (+0,25) Denmark 2,00 2,50 3 Mar 2006 (+0,25) Sweden 2,002,00 23 Feb 2006 (+0,25) Switzerland 0,25 – 1,25 0,75 – 1,75 16 Mar 2006 (+0,25) Australia 5,25 5,75 2 May 2006 (+0,25) New Zealand 6,50 7,25 8 Dec 2005 (+0,25) Israel 3,70 5,25 1 May 2006 (+0,25) China 5,585,8528 Apr 2006 (+0,27) Hong Kong 3,756,5011 May 2006 (+0,25) India 4,75 5,75 8 Jun 2006 (+0,25) Malaysia* 2,70 3,50 26 Apr 2006 (+0,25)

8 Key central bank interest rates (cont’d) Per cent Countries 1 January 2005 13 June 2006 Latest change (Percentage points) South Korea 3,25 4,25 8 Jun 2006 (+0,25) Taiwan 1,75 2,375 30 Mar 2006 (+0,125) Thailand 2,00 5,00 7 Jun 2006 (+0,25) Brazil 17,75 15,75 19 Apr 2006 (-0,75) Chile 2,25 5,00 13 Apr 2006 (+0,25) Mexico** 8,81 7,00 21 Apr 2006 (-0,25) Czech Republic 2,502,00 27 Oct 2005 (+0,25) Hungary 9,50 6,00 20 Sep 2005 (-0,25) Poland 6,50 4,00 28 Feb 2006 (-0,25) Russia 13,00 12,00 26 Dec 2005 (-1,00) South Africa 7,50 7,50 8 Jun 2006 (+0,50) * The central bank of Malaysia introduced a new interest rate framework on 23 April 2004. ** The Bank of Mexico has decided on a gradual transition toward a policy target regime, but will retain the “el corto” until the transition is complete. Source: National central banks

9 USA: Real gross domestic product

10 USA: Unemployment rate

11 USA: Consumer prices and central bank interest rates

12 Japan: Real gross domestic product

13 Japan: Unemployment rate

14 Japan: Consumer prices

15 Euro area: Real gross domestic product

16 Euro area: Unemployment rate

17 Euro area: Consumer prices and central bank interest rate

18 UK: Real gross domestic product

19 UK: Unemployment

20 UK: Consumer prices and central bank interest rate

21 SADC: Inflation Annual percentage change in consumer prices 2004 2005 Feb 2006 Mar 2006Apr 2006 Africa 8,1 8,5 * * * Angola 43,6 23,0 15,7 14,4 * Botswana6,9 8,6 13,1 13,8 14,2 Lesotho5,2 3,7 * * * Malawi 11,6 12,3 17,1 16,6 16,1 Madagascar 14,0 18,4 8,8 9,4 * Mauritius 4,1 5,6 5,8 6,1 5,9 Mozambique12,6 7,2 15,2 16,7 17,1 Namibia 4,1 2,4 3,7 4,6 4,4 South Africa1,4 3,4 3,9 3,8 3,7 Swaziland 3,4 4,8 4,6 5,2 5,1 Tanzania4,3 4,6 5,8 6,5 6,9 Zambia18,0 18,3 10,3 10,7 9,4 Zimbabwe350,0 237,8 782,0 913,6 1 042,9 * Not available Source: National central banks, unpublished Standard Bank data and IMF World Economic Outlook, April 2006

22 RECENT ECONOMIC DEVELOPMENTS National Economy

23 Real gross domestic product 6-year upswing

24 Real gross domestic product by sector

25 Real gross domestic expenditure

26 Real final consumption expenditure by households

27 Real disposable income of households

28 Household debt as percentage of disposable income of households

29 Real final consumption expenditure by general government

30 Real gross fixed capital formation

31 Real gross domestic final demand

32 Change in inventories

33 Gross saving as percentage of gross domestic product

34 Non-agricultural employment

35 Sep Mar Sep Mar Sep 2003 2004 2004 2005 2005 (000’s) (000’s) (000’s) (000’s) (000’s) a. Total employment 11 424 11 392 11 643 11 907 12 301 b. Total unemployed (official definition) 4 434 4 415 4 135 4 283 4 487 c. Total economically active = a + b 15 858 15 807 15 778 16 190 16 788 d. Total not economically active13 080 13 324 13 527 13 334 12 909 e. Total aged 15-65 years = c + d 28 938 29 131 29 305 29 524 29 697 f. Official unemployment rate = b * 100/c 28,0% 27,9% 26,2% 26,5% 26,7% Source: Labour Force Survey by Statistics South Africa Labour market statistics, based on the Labour Force Survey

36 Non-agricultural nominal remuneration per worker

37 Non-agricultural labour productivity

38 Non-agricultural nominal unit labour cost

39 Nominal unit labour cost in manufacturing

40 Headline inflation and CPIX

41 All-goods production prices

42 Balance of payments: Current account

43 Balance on financial account

44 Financial account

45 Gross gold and other foreign reserves and international liquidity position of the South African Reserve Bank

46 Imports covered by reserves

47 Average net daily turnover in the South African foreign exchange market

48 Exchange rates of the rand

49 Growth in M3

50 Total loans and advances extended to private sector

51 Money-market interest rates

52 Yield on long-term government bonds

53 Yield curves

54 Turnover in the secondary share market

55 Share prices - all classes

56 House prices *

57 Non-financial public-sector borrowing requirement

58


Download ppt "PORTFOLIO AND SELECT COMMITTEES ON FINANCE June 2006."

Similar presentations


Ads by Google