South Africa's economic growth outlook: What to expect in the coming months
Although the economy doesn't look very bright at the moment, with forecasts having recently been trimmed on the back of US President Donald Trump's pending 30% in tariffs, all may not be doom and gloom.
The South African Reserve Bank's (SARB's) Composite Business Cycle Indicators may show that the next six to 12 months don't look that positive, the current position and that of the most recent economic situation, gained.
Commenting on the latest indicator, Investec chief economist Annabel Bishop said that she anticipates a better gross domestic product (GDP) growth rate in the second quarter than the first three months of the year.
However, Bishop does not expect to see especially strong growth in the second quarter.
In the first quarter, GDP came in at a mere 0.1%, with the fact that it gained at all being due to agriculture. This figure surpassed economists' expectations. The economy grew 0.6% last year.
Investec Wealth & Investment's data shows that growth has averaged 4.5% since 2010, and the unemployment rate would be significantly lower.
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