Country Economic Forecasts - Namibia
The recession drags on as certain industries such as retail, manufacturing, utilities and fishing continue to underperform. To make matters worse, global trade disputes (which have suppressed global trade and non-fuel commodity prices), weaker-than-expected growth in Namibia’s key trading partners and rising inflationary pressures have clouded the economic outlook. We have cut our forecast for GDP growth to 0.9% (from 1.9%) in 2018, 2.3% in 2019 (from 3.6%) and 3.6% (from 4.4%) in 2020.
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