By contrast, most of the advanced countries brought inflation under control and their economic performance generally started to improve. A striking example is the United States, which now seems to be cruising along a path of strong and sustained economic growth with low inflation. In South Africa inflation slowed down to about 7½% between 1993 and 1999.
Although there were many other factors conducive to higher economic growth over this period, it seems to be more than pure coincidence that the growth in domestic production averaged 2½% per year. 3.