Analysis by Region - Emerging Markets - South Africa

Analysis by Region - Emerging Markets - South Africa



We retain our 2024 real GDP growth forecast of 0.8% this round, with economic activity expected to pick up in H2 2024. On the back of improved confidence following the formation of the government of national unity (GNU), we anticipate that a gradual build-up of positive momentum in H2 2024 should lead to faster real GDP growth of 1.6% next year.


South Africa: Economic growth set to improve gradually in H2 2024
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments
Policy and Politics

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