OECD Economic Outlook, Volume 2019 Issue 2
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a series of focus notes on selected macroeconomic and structural issues, and a chapter summarising developments and providing projections for each individual country.
South Africa
Economic growth remains weak and is projected to pick up to only 1¼ per cent in 2020‑21. Confidence is low on the back of continuing policy uncertainty, which hampers investment. Unemployment will remain high, weighing on private consumption. Trade is currently held down by global trade tensions, but export growth should pick up in line with the recovery of world trade. Inflation will increase moderately in 2020 due to rising electricity, food and fuel prices.
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