29 July 2021 | Ekonomie
Jo-Maré Duddy – Dragging vaccine roll-out and the re-imposition of some lockdown measures during the third wave of Covid-19, as well as lower than expected diamond production mean Namibia’s economy in 2021 will likely grow much less than anticipated earlier this year.
In January, Cirrus Capital forecast annual economic growth of 3.8% for this year. Releasing its latest Mid-Year Economic Review, Cirrus said it now expects a “disappointing” expansion of only 2.1%.
The new growth forecast is disheartening as it only slightly exceeds Namibia’s population growth of around 1.9% per year and it follows annual economic growth of -8% in 2020, largest contraction in Namibia’s history.
Gesprek oor voedselstelsel skop af - Landbou
republikein.com.na - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from republikein.com.na Daily Mail and Mail on Sunday newspapers.
As die see kon praat - In Beeld - Republikein
republikein.com.na - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from republikein.com.na Daily Mail and Mail on Sunday newspapers.