South Africa Economic Outlook
bet360备用网址February 25, 2020The economy likely fell into technical recession in the fourth quarter of last year. Industrial production doubled its pace of contraction in Q4, as unprecedented rolling blackouts hampered mining and manufacturing activities. Moreover, supply shocks likely weighed on capital spending, while slower retail sales in Q4 hint that household spending did not go unscathed. Turning to the first quarter of this year, the economy’s woes likely persisted: In addition to souring business confidence in January, power outages are now expected to continue for the next 18 months following Eskom’s announcement on 29 January of planned maintenance at its struggling coal power plants. In response, on 13 February President Ramaphosa pledged to cut red tape in order to encourage private-led energy projects.
South Africa Economic GrowthThe economy is expected to expand at a slighly faster pace this year. Household spending is seen picking up and lower interest rates will likely boost fixed investment. A rebound in exports should also support growth. However, fiscal challenges remain high and could worsen if Moody’s downgrades the country’s last investment-level credit rating in March. FocusEconomics analysts see growth at 0.9% in 2020, which is down 0.1 percentage points from last month’s forecast, and 1.4% in 2021.
South Africa Economy Data
5 years of South Africa economic forecasts for more than 30 economic indicators.
bet360备用网址Get a sample report showing our regional, country and commodities data and analysis.
South Africa Facts
|Bond Yield||8.26||0.29 %||Dec 31|
|Exchange Rate||13.98||-0.21 %||Dec 31|
|Stock Market||0.1||-0.44 %||Jan 06|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
South Africa Economic News
March 4, 2020
The economy sunk into a technical recession for the second time in two years in the fourth quarter of last year, as had been expected by market analysts.
March 4, 2020
bet360备用网址The IHS Markit Purchasing Managers’ Index (PMI) inched up to 48.4 in February from 48.3 in January.
February 19, 2020
Consumer prices rose 0.3% in January, matching December’s result.
February 11, 2020
On an annual basis, manufacturing output plummeted 5.9% in December, (November: -3.2% year-on-year) thus marking the worst result since August 2014 as an unprecedented level of rolling blackouts hampered the industrial sector at year-end.
February 5, 2020
The IHS Markit Purchasing Managers’ Index (PMI) rose to 48.3 from 47.6 in December, which had marked a 14-month low.