Namibia Autos Q4 2019
We believe that Namibia's automotive sector will face continued downward pressure as a result of a prolonged recessionsince 2017. We have, therefore, revised our forecast sharply lower, from an increase of 2% to a 5% contraction, due to sustainedeconomic weakness in the first half of 2019. We now expect the total vehicle sales market to rebound in 2020, due to favourable lowbase effects.
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