South African Budget Must Deliver Reforms, Says Goldman's Coleman

The video discusses the economic conditions needed to prevent a downgrade by Moodys, focusing on credible structural reforms. It reviews South Africa's past economic underperformance and forecasts a GDP growth rate of 2.3% for 2018, driven by global disinflationary pressures and renewed political confidence. The goal is to achieve a normative 3% growth rate in the long term.

What is Moody's primarily looking for to avoid a downgrade?

• Credible structural economic reforms

• Higher inflation rates

• Immediate economic growth

• Increased foreign investments

What has been the economic growth rate in South Africa over the past three years?

• 3%

• 2.3%

• 1%

• 4%

What GDP growth rate does Goldman Sachs forecast for South Africa in 2018?

• 1%

• 2.3%

• 3%

• 4%

What factors are expected to drive short-term economic growth in South Africa?

• Higher interest rates

• Increased taxes

• Political instability

• Renewed political confidence and global disinflationary pressures

What is the normative economic growth rate that South Africa should aim for?

• 3%

• 2.3%

• 4%

• 1%