
Analysis by Region - Emerging Markets - South Africa
Description
Considering South Africa's uncertain political environment combined with the backdrop of building global headwinds, our outlook for the South African economy has deteriorated. We have consequently made several changes to our baseline forecast to reflect increased stagflation risks. Real GDP growth for 2025 is revised down to 1.0% from 1.5% previously due to expectations of reduced merchandise trade and lower private sector investment in the near term.
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