Latest forecasts
Latest forecasts_2 years_Sept '23
Date Uploaded: Sep 13 2023 4:30PM
In this interim forecast update, we adjusted real GDP growth in 2023 somewhat higher to 0.6%. The headline CPI forecast was nudged up to an average of 5.9% in 2023 to account for higher fuel costs amid a rising oil price and sustained rand weakness.
read moreIn this interim forecast update, we adjusted real GDP growth in 2023 somewhat higher to 0.6%. The headline CPI forecast was nudged up to an average of 5.9% in 2023 to account for higher fuel costs amid a rising oil price and sustained rand weakness.
Latest forecasts_2 years_Jul '23
Date Uploaded: Jul 28 2023 11:25AM
Latest forecasts_6 years_Jul '23
Date Uploaded: Jul 17 2023 2:30PM
Latest forecasts_2 years_Jun '23
Date Uploaded: Jun 8 2023 2:00PM
In this interim forecast update, we adjusted the near-term oil price lower, while the rand is notably weaker vs. major currencies than projected in the April forecast run. Along with a lower-than-expected CPI print for April, the combination of a lower oil
read moreIn this interim forecast update, we adjusted the near-term oil price lower, while the rand is notably weaker vs. major currencies than projected in the April forecast run. Along with a lower-than-expected CPI print for April, the combination of a lower oil price/weaker rand sees a largely unchanged SA inflation outlook. For now, as outlined in our 2023Q1 GDP comment, we also kept the real GDP growth forecast for 2023 (0.2%) and 2024 (1.4%) unchanged. However, the projected growth in the underlying GDP components is different. A more detailed forecast update will be done in the first half of July.
Latest forecasts_6 years_Jun '23
Date Uploaded: Jun 8 2023 2:00PM
Latest forecasts_2 years_Apr '23
Date Uploaded: Apr 21 2023 4:30AM
Latest forecasts_6 years_Apr '23
Date Uploaded: Apr 20 2023 12:15PM
Latest forecasts_3 years_Mar '23 update
Date Uploaded: Mar 14 2023 12:45PM
In this interim forecast update, the real GDP growth forecast for 2023 has been revised even lower, while the near-term outlook for the rand exchange rate has also deteriorated.
Latest forecasts_6 years_Mar '23 update
Date Uploaded: Mar 14 2023 12:45PM
Latest forecasts_3 years_Jan '23
Date Uploaded: Jan 30 2023 12:30PM