PODCAST | SA’s economic outlook for the rest of 2022

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PODCAST | SA’s economic outlook for the rest of 2022
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Mudiwa Gavaza is joined by Lullu Krugel, PwC’s chief economist

PwC’s outlook for SA’s economy is the focus of this edition of the Business Day Spotlight. This week, data showed that SA’s economy grew faster than expected, recovering to prepandemic levels in the first three months of 2022 after government rolled back almost all Covid-19 restrictions.

PwC, which recently published its economic outlook for 2022, says local economic growth is facing a myriad of headwinds this year, including a weaker global environment weighing on export potential, a tightening of domestic monetary policy, a further rise in load-shedding, a series of big fuel price increases, and the adverse effects of local and foreign factors on business supply chains, among other factors.

She says food and fuel inflation, disruptions caused by the floods in KwaZulu-Natal and the Russia-Ukraine war were some of the factors that are likely to be an overall drag on the economy.

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BDliveSA /  🏆 12. in ZA

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