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National Treasury lowers 2026 growth outlook to 1.2% warns of elevated risks
National Treasury lowers 2026 growth outlook to 1.2% warns of elevated risks
The National Treasury has lowered its growth outlook for 2026 to 1.2% from its 1.6% forecast outlined in the February Budget.
In 2025, South Africa achieved growth of 1.1%, once again falling short of levels required to reduce unemployment and poverty.
Growth is expected to reach 1.6% in 2027 and rise to 2% by 2029, which remains below the 3% growth target set under the Government-Business Partnership.
Finance Minister Enoch Godongwana acknowledged in his Medium-Term Budget Policy Statement (MTBPS) address on…
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