Economic Prospects
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.
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 moreKey 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 moreKey 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%.
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.
Last updated: Feb 10 2021 2:57PM
The latest forecast update sees more of the GDP recovery from the 2020 crash delayed into 2022.
Prospects (Executive summary), 2021Q1
Last updated: Jan 28 2021 9:34AM
The latest forecast update sees more of the GDP recovery from the 2020 crash delayed into 2022.
Last updated: Nov 27 2020 11:19AM
The expected decline in real GDP for 2020 was revised to -8.3%, from -8.7% before. This will be re-looked at after the release of the Q3 GDP figures on 8 December.
Prospects (Executive summary), 2020Q4
Last updated: Oct 19 2020 10:07AM
Despite upgrades to the real GDP outlook, a difficult and protracted economic recovery remains the baseline scenario.
Last updated: Aug 19 2020 1:34PM
SA economic activity has started a tentative sequential recovery from the dramatic lockdown-induced collapse in April. However, the return to pre-COVID GDP levels is likely to lag the experience of SA’s major trading partners.
read moreSA economic activity has started a tentative sequential recovery from the dramatic lockdown-induced collapse in April. However, the return to pre-COVID GDP levels is likely to lag the experience of SA’s major trading partners.