Analysis by Region - Emerging Markets - Namibia
Description
The Namibian economy has performed below expectations amid downturns in diamond mining, manufacturing, and agriculture in H1 2025, but resilient growth in services and uranium has kept the economy afloat. A continued ramp-up in uranium output, improved rainfall, low inflation, and monetary easing would support a moderate growth recovery next year. We have lowered our 2025 real GDP growth forecast to 2.2% from 2.9% but project a recovery to 3.1% in 2026.
Table of Contents
7 Pages
- Namibia: Growth disappoints, save for uranium and services
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Long-term prospects
- Alternative long-run scenarios
- Background
- Economic development
- Structure of the economy
- Balance of payments
- Policy and politics
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