The remarkable economic boom in the United States has undoubtedly made an important contribution to the strength of the recovery in the world. But so too have the achievement and maintenance of price stability around the world. Despite a substantial rise in oil prices and strong international demand, inflation in nearly all the industrial countries has remained subdued since the beginning of 1999. 2.
Slow economic growth in South Africa  In this buoyant economic environment it is rather surprising that the South African economy did not perform better. The high international economic growth was expected to assist growth in the South African economy through increased demand for exports, higher prices on commodity markets and increased investments.