Namibia: 2013 Article IV Consultation-Staff Report; Press Release
This 2013 Article IV Consultation highlights that Namibia’s real GDP grew by a healthy 5 percent in 2012. Preliminary data for the first half of 2013 suggest that growth has moderated; the slowdown reflects weak global demand for exports, which more than offset the solid growth in the non-mineral sector, most notably in retail trade. At end-October 2013, inflation stood slightly below 5 percent. The IMF Staff projects that output growth would further moderate to about 4 percent in 2013. Mineral exports will likely remain subdued on account of weak external demand with growth slowing in Namibia’s major trading partners.
Year of publication: |
2014-02-10
|
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Article IV consultation reports | Fiscal consolidation | Government expenditures | Spillovers | Fiscal policy | Public enterprises | Financial sector | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Namibia |
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