CLEAN : S.Africa in recession as economy shrinks 0.7% in Q1

The transcript discusses an unexpected economic shock, highlighting underestimated deterioration in various sectors. It notes a rise in unemployment, particularly affecting the unskilled in South Africa, and describes the situation as a technical recession. Despite anticipating modest growth, the transcript acknowledges four years of weak growth, with 2016 being notably poor. The primary factor contributing to this stagnation is identified as political influences.

What was the unexpected aspect of the economic downturn in South Africa?

• The increase in GDP

• The deterioration of various sectors

• The improvement in economic growth

• The rise in skilled labor unemployment

Which group was most affected by the rise in unemployment?

• Skilled workers

• Middle-class professionals

• Lower end and unskilled workers

• Entrepreneurs

What is the anticipated growth rate for the upcoming quarters?

• 1.5%

• 0.6%

• 3.5%

• 2.0%

What is the expected growth rate for 2016?

• 0.3%

• 0.8%

• 2.5%

• 1.0%

What factor is mentioned as contributing to the evaporating economic growth?

• Technological advancements

• Political issues

• Natural disasters

• Global market trends