Analysis by Region - Emerging Markets - South Africa
While the mood has continued to pick up since the elections in May, there has not been enough improvement from an economic perspective to be overly cheerful about South Africa's longer-term prospects. Improved electricity supply and optimism that the establishment of the Government of National Unity (GNU) will facilitate higher investment are boosting sentiment-sensitive indicators. That said, structural impediments to economic growth remain and cannot be overlooked. Our growth forecasts are unchanged from the previous round: real GDP is expected to grow by 1% in 2024 and by 1.7% in 2025.
- South Africa: Nurturing the economic green shoots
- 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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