Budget Projections and Global Economy Quiz
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Questions and Answers

What is the reason for the prolonged time it takes for ships to dock in Durban?

  • Port chaos and congestion (correct)
  • Increased energy costs
  • Inefficient rail freight services
  • High surcharges imposed by shipping companies

What will not be cooling, according to the text?

  • Logistics inflation (correct)
  • Consumer spending
  • Capital formation
  • Energy costs

Which factor contributes to a larger current account deficit, according to the text?

  • Increased government spending
  • Improvement in investment growth
  • High consumer spending
  • Decreased exports constrained by ports, rail, and energy (correct)

What does the Budget expect regarding household consumption?

<p>It will decline more than estimated (C)</p> Signup and view all the answers

Why is investment growth expected to contract, according to the text?

<p>Challenging business conditions (A)</p> Signup and view all the answers

What does the text suggest about the Ministers' positive outlook?

<p>It is contradicted by numerous global contradictions (C)</p> Signup and view all the answers

What does the Minister believe about revenue and debt costs based on the budget projections?

<p>Revenue will be higher and debt costs will be lower (C)</p> Signup and view all the answers

Why did the United Nations (UN) warn about the world economy?

<p>Tighter credit conditions and higher borrowing costs (B)</p> Signup and view all the answers

What played a significant role in avoiding a global recession in 2023?

<p>Economic growth in the United States (US) (C)</p> Signup and view all the answers

What is the main reason behind the decline in global economy growth estimates according to the United Nations (UN)?

<p>Tighter credit conditions and higher borrowing costs (C)</p> Signup and view all the answers

What is happening to US Inflation based on the text?

<p>Above the 2% target at 3,4% (C)</p> Signup and view all the answers

What does the Minister project about food and fuel inflation for 2025?

<p>4,6% for both food and fuel inflation (C)</p> Signup and view all the answers

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