South African Economic Outlook:
Frank Blackmore, Lead economist at KPMG
Commodities help South Africa deal with global headwinds:
Summary paragraphs:
– Economic growth back to pre-pandemic levels
– Inflation to peak in 2022 and then return to midpoint of South Africa’s inflation target range
– Current account surplus continues as global growth expectations moderate
Table 1: KPMG forecasts for South Africa
Years 2021 – 2023 (please provide chart/ data in excel)
Source(s): Statistics South Africa, KPMG analysis
Main text (500 to 650 words overall):
Callout – Context, real GDP growth and unemployment
- South Africa is returning to pre-Covid-19 levels of economic growth and is currently facing the inflationary implications that arose as a direct consequence of the Covid-19 pandemic and the Russian invasion of the Ukraine. Interest rates are rising and, and as with the rest of the world,…
