Question
Research the article and then answer the questions: The OECD Economic Outlook, Volume 2021 Issue 1, found on OECD (2021) 7.1 Which two factors are
Research the article and then answer the questions: "The OECD Economic Outlook, Volume 2021 Issue 1," found on OECD (2021)
7.1 Which two factors are projected as the main economic growth drivers for the second half of the year 2021? (2) 7.2 Household consumption is expected to have a significant contribution towards future growth. Explain the rationale behind the expectation. (1) 7.3 Monetary policy will remain accommodative. Explain how the repo system is used by the SARB as an accommodative policy approach. (2) 7.4 Unemployment remains a concern for South Africa's future growth where 1.4 million job losses since the beginning of the COVID-19 affected low-skilled workers.
7.4.1 Which type of unemployment gave rise to the high job losses of low skilled workers? Justify your answer. (2)
7.5 What are two major causes of declining business confidence? (2) 7.6 How can the restoring of state owned in the prices financial stability be seen as a key for recovery? (1)
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