Market News
South Africa 2025 economic growth forecast cut to 1.5% on tariff worries: Reuters poll
JOHANNESBURG, April 25 (Reuters) - 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%.