SA's Growth Could Triple in 2025 - Absa

South Africa looks set for much better growth this year thanks to increased spending and investment, according to analysts at Absa Group, although a cooling of relations with the US may dim the outlook.

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The SA economy could expand by 2.1% this year, analysts at the Johannesburg-based lender said on Tuesday. That compares with the 1.7% expansion forecast by the central bank, up from 0.7% last year.

"Growth should be a lot better this year," Absa economist Miyelani Maluleke told a media round table. Milder inflation and lower borrowing costs are boosting income, he said, while investment should rebound from the depressed levels of recent years.

"Cyclical support factors and a stronger consumer environment are positive."