IMF trims South Africa’s growth forecast
IMF、南アフリカの成長率予測を引き下げ時事・経済
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The International Monetary Fund has lowered its forecast for South Africa's economic growth in 2026 to 1.0%, from 1.1% in July. Its October World Economic Outlook, released on October 13, gives a different direction for Sub-Saharan Africa overall: growth of 4.5%, up from the July forecast of 4.3%. The regional outlook includes substantial differences between countries.
South Africa's GDP increased by 0.4% in the first quarter of 2026 and fell by 0.2% in the second. The country is a net importer of oil and petroleum products. Higher fuel costs since April have put pressure on mining and manufacturing.
The IMF sees South Africa's outlook as stable in the near term, with gradual improvement over the medium term as policy frameworks strengthen and structural reforms continue. Energy importers with weak links to technology value chains face higher import costs, exchange-rate pressures and weaker real incomes. The higher regional forecast therefore does not describe every country's prospects equally.