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One of the prospects for economic growth in south africa over the median term, evaluate and discuss the most pertinent influencing factors, referring also to how these factors impacted south africa's growth during the periods 2004 to 2007 and 2015 to 2019.
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The south african economy recorded its fastest growth rates since the 1960s over the period 2004 to 2008.
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With real gdp growth averaging 5 .2 per atom, which basically means per year.
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And from a global perspective, this period was characterized by a strong, bold market and booming commodities market.
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Domestically, household consumption, expenditure, and fixed investment activity, elevated economic growth substantially.
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With the export sector also providing considerable input over the years to the gdp from 2005 -2007.
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And here you can see during those years we have considerable growth as shown from the upwards trend in the graph.
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And here you can see contributing factors to real gdp growth.
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So we have other demand.
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So that would have involved demand for products that are not mentioned the other colors of this graph.
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So the next one would be fixed investment.
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So that's shown in the green.
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Consumer spending, which is the yellow, so obviously that has the largest effect.
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And here it mentioned household consumption expenditure, which has to do with consumer spending.
02:35
So that definitely contributed quite a bit to gdp.
02:41
You can see that with net exports, there was actually a negative percent change...