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Analysis by Region - Emerging Markets - South Africa

Publisher Oxford Economics
Published Aug 08, 2025
Length 8 Pages
SKU # OFE20317580

Description

South Africa's real GDP growth rate for 2025 is maintained at 0.8% in this forecast round, but next year's growth rate is lowered marginally to 1.3% from 1.4% previously. Although the 30% tariff on South African goods entering the US remains broadly unchanged from the Liberation Day announcement, we expect businesses will take strain over the coming quarters.

Table of Contents

8 Pages
South Africa: A few forecast tweaks after recent tariff adjustments
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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