World Bank’s South African GDP growth forecast shows local reforms working – GCIS
The World Bank’s outlook projects that GDP growth in South Africa will increase to 1.4% this year and 1.5% in 2027, which reflects the positive impact of continued reform momentum, particularly in the energy and logistics sectors, alongside rising public investment, says the Government Communication and Information System (GCIS). According to the World Bank report, private consumption and private-sector investment are expected to remain the main drivers of growth, supported by ongoing efforts to improve public expenditure efficiency and ease supply-side constraints.
The World Bank’s outlook projects that GDP growth in South Africa will increase to 1.4% this year and 1.5% in 2027, which reflects the positive impact of continued reform momentum, particularly in the energy and logistics sectors, alongside rising public investment, says the Government Communication and Information System (GCIS). According to the World Bank report, private consumption and private-sector investment are expected to remain the main drivers of growth, supported by ongoing efforts to improve public expenditure efficiency and ease supply-side constraints.
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