However, electricity shortages have added a large uncertainty around forecasting currency moves and economic growth.
Independent economist Elize Kruger said her forecast for 2023 was slightly above market consensus as it seemed the economy was somewhat more resilient than expected amid numerous headwinds. However, Kruger added the GDP growth rate in 2023 would most probably be below population growth , which suggests South Africans will on average be poorer on a per capita basis.
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