27-April-2025
Economy News
 
South Africa 2025 Economic Growth Forecast Cut to 1.5% on Tariff Worries: Reuters Poll
26-Apr-2025

South African economic growth will be a bit weaker this year than thought a month ago partly due to trade tensions, with U.S. President Donald Trump having paused a 31% tariff for 90 days imposed on imports from Africa's most industrialized nation. Economists polled by Reuters April 16-24 trimmed their forecasts by a median 0.2 percentage point to 1.5% for this year. Forecasts were in a 1.0%-2.1% range compared with 1.3%-2.3% in a March poll. But the forecast for 2026 was unchanged at 1.8%. The latest 2025 consensus from the survey of 25 economists was much more optimistic than the International Monetary Fund's latest view of 1.0%, cut from 1.5% in January.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-25/south-africa-2025-economic-growth-forecast-cut-to-1-5-on-tariff-worries