South African economy analysis

March 11, 2019
South African Economy

Politics |

In the face of legal scandals and fears of "state capture", Mr Zuma's presidency is looking increasingly shaky.

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Barclays' retreat creates inevitable uncertainty but may have little overall impact on African banking prospects.

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Economic growth

Economic growth (% unless otherwise indicated) US GDP 2.4 2.0 2.3 OECD GDP 1.9 1.7 1.9 World GDP 2.4 2.3 2.6 World trade 2.5 2.9 3.8 Source: The Economist Intelligence Unit

Expenditure on GDP

Exports of goods & services

Imports of goods & services

Source: The Economist Intelligence Unit

Forecast updates

The ruling is a further serious blow to the president’s credibility, and could damage the ANC at municipal polls.

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Inflationary pressure will remain high in 2016 because of drought and power shortages.

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The economic downturn in 2015 is expected to continue this year, reflecting weak external and internal conditions.

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Source: country.eiu.com

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