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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
South Africa's economy is now measured to be 5.3% larger following Stats SA's latest GDP rebasing exercise. While the upward revision to nominal GDP improves key fiscal ratios, including government debt relative to GDP, revised estimates also point to weaker real economic growth in recent years. We unpack the changes to the size, growth and composition of the economy, and what they mean for South Africa's economic outlook.
