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, 2025Q1

Date Uploaded: February 14 2025 14:15


Despite the absence of load-shedding through most of 2024, the economy is unlikely to have grown faster than 1% last year. The outlook for 2025 is more positive, with some cyclical support set to push real growth to about 2%. Still, we have made a slight downward revision to our growth forecast for 2025. While local growth dynamics are important, this is, to some extent, overshadowed by the uncertainty coming from the global political landscape.