Economic information that works for you ForecastsBeeld ConsensusEconomic ProspectsEconomic OutlookMost recent forecastsUpdate Economic Prospects (Archive) Detailed quarterly forecast report of the South African economy for the coming 18-24 months. 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. 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 Economic Prospects (Executive Summary), 2019Q4 Last updated: Oct 18 2019 10:09AM Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, read moreAgainst a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects (Short Summary), 2019Q4 Last updated: Oct 18 2019 10:09AM A short summary of the BER’s latest macroeconomic forecast. Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic read moreA short summary of the BER’s latest macroeconomic forecast. Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects, 2019Q4 (Download sample) Last updated: Oct 18 2019 10:10AM Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, read moreAgainst a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects (Short Summary), 2019Q3 Last updated: Jul 22 2019 8:07AM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects, 2019Q3 (Download sample) Last updated: Jul 22 2019 8:09AM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects (Executive Summary), 2019Q3 Last updated: Jul 12 2019 1:09PM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects (Executive Summary), 2019Q2 Last updated: Apr 18 2019 2:52PM Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run read moreFollowing the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects (Short Summary), 2019Q2 Last updated: Apr 18 2019 2:54PM A short summary of the BER’s latest macroeconomic forecast. Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might read moreA short summary of the BER’s latest macroeconomic forecast. Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects, 2019Q2 (Download sample) Last updated: Apr 18 2019 2:51PM Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run read moreFollowing the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects (Short Summary), 2019 - Quarter 1 Last updated: Feb 5 2019 2:20PM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020. Economic Prospects, 2019 - Quarter 1 (Download sample) Last updated: Feb 5 2019 2:19PM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020. Economic Prospects, (Executive Summary) 2019 - Quarter 1 Last updated: Jan 23 2019 9:59AM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020.
Economic Prospects (Archive) Detailed quarterly forecast report of the South African economy for the coming 18-24 months. 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. 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 Economic Prospects (Executive Summary), 2019Q4 Last updated: Oct 18 2019 10:09AM Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, read moreAgainst a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects (Short Summary), 2019Q4 Last updated: Oct 18 2019 10:09AM A short summary of the BER’s latest macroeconomic forecast. Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic read moreA short summary of the BER’s latest macroeconomic forecast. Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects, 2019Q4 (Download sample) Last updated: Oct 18 2019 10:10AM Against a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, read moreAgainst a backdrop of weaker global growth fundamentals and significant domestic constraints, we have made a downward revision to the short-term outlook for domestic real GDP growth. Notable domestic headwinds include constrained public sector finances, continued political and policy uncertainty, and perennially low business and consumer confidence levels. Downside risks to the outlook include a sustained negative reaction to the deterioration in SA’s fiscal ratios, and the possibility of a larger-than-expected moderation in global growth. Economic Prospects (Short Summary), 2019Q3 Last updated: Jul 22 2019 8:07AM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects, 2019Q3 (Download sample) Last updated: Jul 22 2019 8:09AM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects (Executive Summary), 2019Q3 Last updated: Jul 12 2019 1:09PM A particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. read moreA particular feature of the latest forecast update is a further significant worsening in the country’s fiscal ratios. A main budget deficit of around 6% of GDP is expected for 2019/20. Risks are on the downside. Economic Prospects (Executive Summary), 2019Q2 Last updated: Apr 18 2019 2:52PM Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run read moreFollowing the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects (Short Summary), 2019Q2 Last updated: Apr 18 2019 2:54PM A short summary of the BER’s latest macroeconomic forecast. Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might read moreA short summary of the BER’s latest macroeconomic forecast. Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects, 2019Q2 (Download sample) Last updated: Apr 18 2019 2:51PM Following the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run read moreFollowing the pedestrian real GDP growth performance of 2018, 2019 is shaping up to be another challenging year for the SA economy. Incoming data for 2019Q1 suggests that a sizeable contraction might be on the cards. Beyond the first quarter, the short-run outlook for the domestic economy is further clouded by signs of slowing global growth momentum, low levels of private sector confidence, a subdued domestic demand environment, and constrained fiscal and monetary policy. Economic Prospects (Short Summary), 2019 - Quarter 1 Last updated: Feb 5 2019 2:20PM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020. Economic Prospects, 2019 - Quarter 1 (Download sample) Last updated: Feb 5 2019 2:19PM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020. Economic Prospects, (Executive Summary) 2019 - Quarter 1 Last updated: Jan 23 2019 9:59AM Real GDP growth for 2019 has been revised down to 1.3% from 1.5% before. Growth is still expected to accelerate towards 2% during 2020.