The services sector and non-diamond mining output continue to drive the Namibian economy. Still, these sectors face some headwinds this year as the domestic monetary easing cycle that buoyed services growth concludes and US protectionist measures rattle global trade and commodity markets. Diamond mining and the livestock subsector also endure pressure. Consequently, we have lowered our 2025 real GDP growth forecast slightly to 2.9% from 3.0% previously.
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