Indicators
South Africa’s Economy Set to Escape a Decade of Growth Inertia
- Economists predict South Africa will advance by 1.7% this year
- Faster growth possible if government sticks to reform agenda
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South Africa’s economy is set to forge an upward path this year after misfiring for more than a decade, boosted by steps to address growth constraints and higher consumer spending, according to top-ranked analysts.
Economists surveyed by Bloomberg expect growth of 1.7% this year, compared with 0.7% estimated for 2024 and less than 1% on average in the prior 10 years.