South Africa's economy is in dire straits. Unemployment has reached a 15-year high of 27.6%. And in the first quarter of this year GDP growth dropped by 3.2%. That's the biggest quarterly drop in a decade.
Considered in conjunction with the country's dismal education outcomes, which the IMF found are perpetuating inequality and contributing to the country's low economic growth, and the possibility of a ratings downgrade, the outlook isn't auspicious.
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