Economic Outlook

Economic Prospects
Economic Outlook
Most recent forecasts
BMR consensus

Economic Outlook

Detailed bi-annual forecast report of the South African economy for the coming six years. The focus is on the expected medium-term business cycle, while also analysing structural changes and emerging trends in the economy. The report provides detailed point estimates of key economic indicators. This includes GDP growth, consumption spending and fixed investment, inflation, interest and exchange rates. The report is exclusive to BER Macro Service clients. For more information, contact us.

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Economic Outlook, October 2026

Date Uploaded: October 23 2026 10:00


The outlook is shaped by an unusual combination of resilience and constraint. The global economy has absorbed a series of shocks better than might have been expected, but the underlying environment remains difficult. Geopolitical risks are elevated, energy markets remain unsettled and inflation remains above target in most major economies, prompting tighter monetary policy, while long-term borrowing costs have also risen. At the same time, investment linked to AI, infrastructure and defence continues to support activity in parts of the global economy.