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.

Back to Documents

Economic Prospects (executive summary), 2026Q2

Date Uploaded: April 30 2026 07:30


A renewed global energy shock is set to push inflation higher. In South Africa, this is likely to result in tighter monetary policy in the near term, alongside weaker growth prospects. Higher fuel costs will place pressure on households and firms, while uncertainty weighs on investment and demand. The overall macroeconomic environment has therefore deteriorated.