macroafricaintel | South Africa – Revision of forecasts

By Rafiq Raji, PhD

See Q4-2016 outlook report for reference: https://macroafricaintelligence.files.wordpress.com/2016/09/macroafricaintel-q4-2016-outlook-south-africa.pdf

Oct-16
South Africa Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 2016 2017 2018
GDP Quarterly % change 0.0 2.6 1.3 1.7 2.1 1.0
GDP Annual % change 0.2 1.9 1.7
CPI Quarterly % change 6.8 5.2 4.8 5.2 5.5 5.1
CPI Annual average % change 6.3 5.2 4.9
Current account Quarterly average % change -4.1 -4.4 -4.3 -4.5 -4.6 -4.4
Current account Annual average % change -4.7 -4.5 -4.4
PPI quarterly % change yy 7.5 5.3 4.8 4.7 4.5 4.6
PPI annual average % change 7.2 5.0 4.5
Repo rate long term forecast 7.00 7.00 6.75 6.75 6.50 6.50
Repo rate long term forecast 7.00 6.50 6.00

macroafricaintel | South Africa – Revision of forecasts

By Rafiq Raji, PhD

See Q2-2016 outlook report for reference: https://macroafricaintelligence.files.wordpress.com/2016/05/macroafricaintel-q2-2016-outlook-south-africa.pdf 

Jun-16
South Africa Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 2016 2017 2018
GDP Quarterly % change -1.10 0.30 0.00 2.70 3.10 1.70
GDP Annual % change -0.20 2.40 1.70
CPI Quarterly % change 6.30 6.50 7.60 6.50 6.20 6.30
CPI Annual average % change 6.50 6.40 5.90
Current account Quarterly average % change -5.60 -5.30 -5.10 -5.40 -5.30 -5.50
Current account Annual average % change -5.70 -5.50 -5.40
PPI quarterly % change yy 6.70 7.50 7.50 5.30 4.80 4.70
PPI annual average % change 7.20 5.00 4.50
Repo rate long term forecast 7.00 7.25 7.50 7.50 7.50 7.50
Repo rate long term forecast 7.50 7.50 7.00