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Analysis by Region - Africa - South Africa

Publisher Oxford Economics
Published May 09, 2022
Length 9 Pages
SKU # OFE17169668

Description

Analysis by Region - Africa - South Africa

We reiterate our view of rising stagflation risks this round, with revisions to South Africa’s economic growth and inflation forecasts. Across the board sentiment is slowly souring, with the consensus forecast for South Africa real GDP growth in 2022 having come down to 1.9% most recently. We are less optimistic though and forecast real GDP to grow at a slower rate of 1.5%, while inflation is expected to average 5.9% in 2022.

Table of Contents

9 Pages
South Africa: Real GDP growth revised down to 1.5% in 2022
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 and structure of trade
Policy and Politics

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