Country Economic Forecasts - South Africa

Country Economic Forecasts - South Africa

Private sector investment has benefited from low borrowing costs, which has contributed to the economic recovery in 2021. Our estimates show that GDP likely rose by 1.1% q-o-q during the final quarter of 2021, translating into an aggregate growth rate of 4.7%. We expect growth will moderate in 2022, with real GDP forecast to expand by 1.8%.