Economic Outlook

Economic Prospects
Economic Outlook
Most recent forecasts
BMR consensus

Economic Outlook

Detailed bi-annual forecast report of the South African economy for the coming six years. The focus is on the expected medium-term business cycle, while also analysing structural changes and emerging trends in the economy. The report provides detailed point estimates of key economic indicators. This includes GDP growth, consumption spending and fixed investment, inflation, interest and exchange rates. The report is exclusive to BER Macro Service clients. For more information, contact us.

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Economic Outlook, April 2025

Date Uploaded: April 17 2025 15:45


The South African economy underperformed in 2024, with economic growth slowing relative to the load-shedding-ridden year of 2023. While prospects for 2025 were significantly more upbeat, the outlook has deteriorated. Domestic structural reform progress remains too slow to accelerate growth, some positive momentum that was driven by the consumer is stalling, and the global environment has become notably more uncertain. As such, we have made a downward revision to our GDP growth profile.