PwC South Africa Economic Outlook | November 2024
This edition looks at prospects for key developed economies and emerging markets in 2025.
By PwC
We’re pleased to share our 11th and final South Africa Economic Outlook report for 2024. This edition looks at prospects for key developed economies and emerging markets in 2025. South Africa is a trade-dependent economy and also relies on investment from abroad. As such, the outlook for the world’s major economies have a direct bearing on South Africa’s economic prospects in 2025.
This report considers the outlook for the world’s largest economy – the US, under a new presidency – and other developed countries like Germany, the UK and France. In addition, due to strong political and trade links between emerging markets, we review the economic prospects for India, China and others. Finally, we look at the trend of slowbalisation (reverse globalisation) which is resulting in trade and production moving closer to home.
Key content in this report includes:
Trump presidency: US executives expect to make more foreign investments – this could benefit South Africa
G7 outlook: Developed-market trading partners and sources of FDI are entering 2025 with mixed fortunes
E7 prospects: Emerging market trading partners will see high levels of GDP growth in 2025 versus domestic trends
Reverse globalisation: Nearshoring increases as international trade moves closer to home
How PwC’s Global Economics Network (GEN) helps clients understand regional and country-level economic developments.
You can explore further insights by visiting the South Africa Economic Outlook webpage.
If you have any questions or would like to discuss any of the topics explored in the report, please don’t hesitate to reach out to us.
Contact us
Lullu Krugel
Partner and Chief Economist
PwC South Africa
+27 (0) 82 708 2330
Christie Viljoen
Senior Manager and Lead Economist: Macro Analysis
+27 (0) 82 472 8621