# Standard Bank says South Africa’s economy is showing signs of recovery as improvements in governance and infrastructure begin to boost growth. The bank’s chief economist, Goolam Ballim, forecasts economic growth of 1.7-percent next year, rising to two-percent in 2028, which is more optimistic than the International Monetary Fund’s forecast. Ballim says stronger institutions and continued reforms will be key to sustaining faster economic growth.
Standard Bank forecasts 2% economic growth by 2028