Economics
Goldman May Raise South Africa GDP Growth Forecast Again
- Raised estimate to 2.4% from 1.5% after ANC conference
- Market participants remain ‘somewhat cautious on prospects’
Pedestrians walk along a roadway back-dropped by commercial and residential buildings in the Sandton district of Johannesburg, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. may raise its forecast for South Africa’s economic growth again.
The lender sees risks to its 2.4 percent estimate for 2018 “as being tilted to the upside,” Goldman economist Andrew Matheny said in an emailed note. Goldman increased its prediction from 1.5 percent after Cyril Ramaphosa was elected as leader of the ruling party in December.