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Analysis by Region - Emerging Markets - South Africa

Publisher Oxford Economics
Published Oct 08, 2025
Length 8 Pages
SKU # OFE20535958

Description

We remain cautious about South Africa’s near-term economic outlook. The impact of US tariffs should become more pronounced in H2 2025 as data releases begin to reflect the effects of trade disruptions. While these factors are likely to suppress GDP growth, the economy is forecast to grow by 1.1% next year and by 1.4% in 2027.

Table of Contents

8 Pages
South Africa: Modest growth outlook remains intact
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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