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, May 2026

Date Uploaded: May 05 2026 16:15


We have revised our near-term growth outlook to reflect a more challenging global and domestic environment, while our medium-term trajectory remains broadly unchanged. Economic Outlook outlines the key drivers shaping the forecast, including elevated geopolitical risk, renewed inflation pressures, and constrained policy space. South Africa’s recovery has lost momentum amid higher fuel costs, weaker consumer demand, and ongoing structural constraints. As a result, growth is expected to remain subdued, with risks to the outlook increasingly skewed to the downside.