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Analysis by Region - Emerging Markets - South Africa

Publisher Oxford Economics
Published Apr 13, 2023
Length 10 Pages
SKU # OFE17888489

Description

Analysis by Region - Emerging Markets - South Africa

We forecast weak economic growth for South Africa in 2023, amid numerous domestic challenges, chief of which is loadshedding, and global economic headwinds. The incessant power outages are weighing on economic activity and exacerbating price pressures. Economic growth has been volatile, as a result, with more than half of South Africa's economic industries still performing below pre-pandemic levels. Regardless, the current economic environment is not one in which any meaningful economic growth can occur. Stagflation risks remain elevated, with high unemployment and a weakened exchange rate only dampening the outlook.

Table of Contents

10 Pages
South Africa: Stagflation risks loom large for the Domestic economy
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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