Namibia 2011 GDP growth seen at 3.5 to 4.0 pct: IMF
Namibia's economy appears subdued this year and GDP growth is likely to slow to between 3.5 and 4.0 percent, the International Monetary Fund said on Tuesday.
Namibia's economy grew by 4.8 percent in 2010
The IMF said it was concerned about the fiscal outlook.
While the recent Eurobond issue and robust revenues from the SACU (Southern Africa Customs Union) revenue pool should help the budget and the external position of the economy over the next year or two, significant uncertainties cloud the outlook, it said in a statement.
© Copyright Thomson Reuters 2023. All rights reserved.
Join the Discussion
Editor's pick