Economic Prospects

Economic Prospects
Economic Outlook
Most recent forecasts
BMR consensus

Economic Prospects

Detailed quarterly forecast report of the South African economy for the next two years. The focus is on current economic trends, both domestically and globally, as well as forecasts of the most important macroeconomic variables, including inflation, interest and exchange rates, GDP growth and household consumption.

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Economic Prospects, 2024Q1

Date Uploaded: February 15 2024 13:00


Largely due to a weaker-than-expected Q3 outcome, we downwardly revised our full-year growth forecast for 2023 to 0.6%, which we have kept unchanged in this forecast update. Some improvement logistical challenges and less intense electricity supply disruptions should see SA's real GDP growth accelerate in 2024. A further underpin to better growth in 2024 is the green energy investment drive and less pressure on the consumer helping with spending later in the year.