The World Bank has raised its economic growth forecast for South Africa this year to 1.4, slightly higher than its June 2022 expectation but lower than its January 2025 expectation.
According to the World Banks Global Economic Prospects , which gives an update on global economic developments, global prospects remain firmly tied to United States US President Donald Trumps America First agenda.
Brendon Verster, senior economist at Oxford Economics Africa, says familiar challenges continue to plague economies across sub-Saharan Africa SSA, with the World Bank highlighting that economic growth remains insufficient to generate meaningful reductions in unemployment and poverty .
