Economic Prospects
Last updated: Jul 29 2022 3:40PM
Given several crosscurrents, we have kept the outlook for real GDP growth in 2022 largely unchanged at 2.3%. The more notable forecast changes include materially higher headline consumer inflation, a frontloaded pace of SARB interest rate hikes, and a weaker
read moreGiven several crosscurrents, we have kept the outlook for real GDP growth in 2022 largely unchanged at 2.3%. The more notable forecast changes include materially higher headline consumer inflation, a frontloaded pace of SARB interest rate hikes, and a weaker rand exchange rate (versus the US dollar).
Prospects (executive summary), 2022Q3
Last updated: Jul 15 2022 2:17PM
Given several crosscurrents, we have kept the outlook for real GDP growth in 2022 largely unchanged at 2.3%. The more notable forecast changes include materially higher headline consumer inflation, a frontloaded pace of SARB interest rate hikes, and a weaker
read moreGiven several crosscurrents, we have kept the outlook for real GDP growth in 2022 largely unchanged at 2.3%. The more notable forecast changes include materially higher headline consumer inflation, a frontloaded pace of SARB interest rate hikes, and a weaker rand exchange rate.
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 moreDespite 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 moreDespite 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.
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.
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.
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%.