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, 2024Q3

Date Uploaded: July 30 2024 08:30


There have been some significant developments since our last forecast update. Politically, the peaceful national elections have resulted in a government of national unity (GNU). On the domestic economic front, the potential positive effects of a sustained period of no load-shedding have been offset by a much weaker-than-expected Q1 GDP outcome. Indeed, following the disappointing Q1, we have downwardly adjusted our forecast for 2024. However, we have made an upward revision to 2025.