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Petrol price (Gauteng) = 20.14/litre  Petrol price (Coastal) = 19.42/litre  CPI April '22 = 5.9% y-o-y  PPI manufacturing March '22 = 11.9%  GDP growth Q4 = 1.8% y-o-y  Prime interest rate = 7.75%  Unemployment rate Q4 = 35.3%  Retail sales March '22 = 1.3% y-o-y  Manufacturing output February '22 = 0.2% y-o-y 
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Economic Prospects

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.

Economic Prospects, 2022Q2 (Download sample)

Last updated: May 13 2022 9:54AM

Despite several adverse recent events, the latest forecast raised the real GDP growth projection for 2022 to above 2%. The consumer inflation forecast has again been lifted, while a healthier near-term current account surplus is projected. read more
Despite several adverse recent events, the latest forecast raised the real GDP growth projection for 2022 to above 2%. The consumer inflation forecast has again been lifted, while a healthier near-term current account surplus is projected.


Prospects (executive summary), 2022Q2

Last updated: Apr 25 2022 12:01PM

Despite several adverse recent events, the latest forecast raised the real GDP growth projection for 2022 to above 2%. The consumer inflation forecast has again been lifted, while a healthier near-term current account surplus is projected. read more
Despite several adverse recent events, the latest forecast raised the real GDP growth projection for 2022 to above 2%. The consumer inflation forecast has again been lifted, while a healthier near-term current account surplus is projected.


Economic Prospects, 2022Q1 (Download sample)

Last updated: Feb 14 2022 5:17PM

The latest forecast update sees real GDP growth of just below 2% for 2022 and 2023, as well as an upward revision to the inflation and policy interest rate outlook.


Prospects (executive summary), 2022Q1

Last updated: Jan 28 2022 1:07PM

The latest forecast update sees real GDP growth of just below 2% for 2022 and 2023, as well as an upward revision to the inflation and policy interest rate outlook.


Economic Prospects, 2021Q4 (Download sample)

Last updated: Nov 15 2021 7:13AM

Key changes to the forecast include real GDP growth of more than 5% in 2021, an earlier start to the SARB interest rate hiking cycle, and a much-improved short-term fiscal situation.


Prospects (executive summary), 2021Q4

Last updated: Oct 15 2021 1:33PM

Key changes to the forecast include real GDP growth of more than 5% in 2021, an earlier start to the SARB interest rate hiking cycle, and a much-improved short-term fiscal situation.


Economic Prospects, 2021Q3 (Download sample)

Last updated: Sep 1 2021 7:09PM

Key downside risks to domestic GDP growth have materialised, while the KZN turmoil poses new risks. These concerns are juxtaposed against better-than-expected SA activity data in the first half of the year. Put together, the SA real GDP forecast for 2021 and read more
Key downside risks to domestic GDP growth have materialised, while the KZN turmoil poses new risks. These concerns are juxtaposed against better-than-expected SA activity data in the first half of the year. Put together, the SA real GDP forecast for 2021 and read more


Prospects (executive summary), 2021Q3

Last updated: Jul 19 2021 12:23PM

Key downside risks to domestic GDP growth have materialised, while the KZN turmoil poses new risks. These concerns are juxtaposed against better-than-expected SA activity data in the first half of the year. Put together, the SA real GDP forecast for 2021 and read more
Key downside risks to domestic GDP growth have materialised, while the KZN turmoil poses new risks. These concerns are juxtaposed against better-than-expected SA activity data in the first half of the year. Put together, the SA real GDP forecast for 2021 and 2022 is unchanged at 3.9% and 2.5%.


Economic Prospects, 2021Q2 (Download sample)

Last updated: May 17 2021 9:33AM

The real GDP growth forecast for 2021 was lifted modestly to 3.9% (from 3.7% in March and 3.1% in January). Real GDP growth of 2.5% is projected for 2022.


Prospects (executive summary), 2021Q2

Last updated: Apr 20 2021 1:40PM

The real GDP growth forecast for 2021 was lifted modestly to 3.9% (from 3.7% in March and 3.1% in January). Real GDP growth of 2.5% is projected for 2022.


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