Concluding remarks The integration of South Africa in the world financial markets is an on-going process that is linking developments in the major financial aggregates in this country more and more to developments in the rest of the world. Because of this process, economic forecasting has become much more complex.
Introduction Just a few days ago, the key political decisions which will pave the way to EMU were taken at the summit in Brussels. Based upon the preparatory work of the European Monetary Institute, the Commission and ECOFIN, the Council of the Heads of State or of Government agreed last weekend to start Stage Three of EMU on January 1, 1999, with eleven countries.