Answer to Question #325133 in Macroeconomics for Avela

Question

Evaluate the prospects for economic growth in South Africa over the medium term.

Answer 1

Economic growth in South Africa is projected to rebound to 5.2% in 2021 before slowing to 1.9% in 2022 and 1.6% in 2023. Social protests in July halted a relatively strong rebound in activity. However, GDP growth will still be strong in 2021 driven by exports and household consumption.