Bank of Namibia revises growth forecasts
Latest economic outlook warns lower production from mining sector will have impact on GDP levels this year
The Bank of Namibia has released it latest economic outlook update early because of "significant changes" in the mining and government sectors. The report is normally published in December.
A downward revision in the mining sector because of lower projections from uranium mines and a faster pace of fiscal consolidation has prompted the bank to revise its growth projections, says the report, published today (November 4).
"The domestic economy is projected to slow down in 2016, before rising in
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