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