I think so, LC.

Part of the reason is that Q2 last year was incredibly weak.

The NBS noted that there are about 6 million unemployed youths. This is a small part of the overall labour force of some 450 million. That is why the unemployment rate tracks core workers and not youths.

For more on youth unemployment, including insights from innovative survey data from Canadian-based riwi.com, have a look here:

markkruger.substack.com…

By the way, a weak exchange rate is typically positive for growth because it makes exports cheaper and imports more expensive.