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Budget Projections and Global Economy Quiz

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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?

It will decline more than estimated Signup and view all the answers

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

Challenging business conditions Signup and view all the answers

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

It is contradicted by numerous global contradictions Signup and view all the answers

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

Revenue will be higher and debt costs will be lower Signup and view all the answers

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

Tighter credit conditions and higher borrowing costs Signup and view all the answers

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

Economic growth in the United States (US) 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)?

Tighter credit conditions and higher borrowing costs Signup and view all the answers

What is happening to US Inflation based on the text?

Above the 2% target at 3,4% Signup and view all the answers

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

4,6% for both food and fuel inflation Signup and view all the answers