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.

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