South Africa Economic Review & Forecast (Quarterly Report & Data) - July 2019

Looking at prospects for 2019 and 2020, GDP growth is expected to be marginally negative at -0.1% in 2019, rising to 1.3% in 2020. As far as other GDP components go, government consumption expenditure growth should decelerate to -0.8% in 2019 compared with 1.9% recorded in 2018. Unfortunately, negative fixed capital formation growth is likely to accelerate and to reach -2.6% in 2019 after -1.4% was recorded in 2018.

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