Triple trade shock could shave 0.7% off growth in Reserve Bank’s downside scenario
Bank details grim prospect in its April monetary policy review, but also explores less severe scenarios
15 April 2025 - 16:36
UPDATED 16 April 2025 - 12:39
The SA Reserve Bank has warned that a combination of adverse global trade shocks — specifically, the scrapping of a preferential trade deal, the imposition of new tariffs and a weakening rand — could shave nearly 0.7% off SA’s GDP growth rate, should its most severe downside scenario materialise.
The Bank forecasts GDP growth to rise to 1.7% in 2025...
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