Namibia's GDP contracted in 2017, 1.2 percent growth expected for 2018

Namibia's GDP contracted in 2017, 1.2 percent growth expected for 2018
A general view of the city and Christ Church in Windhoek, Namibia
WINDHOEK (Reuters) - Namibia's economy contracted in 2017 by 0.4 percent but is expected to recover and expand by 1.2 percent in 2018 and by double that the year after as a return of government spending boots activity, the finance minister said on Wednesday.

The small southern African nation's budget deficit will decrease to 4.5 percent of GDP in 2018/19 from 5.8 percent in the previous year, Finance Minister Calle Schlettwein in a budget speech delivered before parliament.

(Reporting Nyasha Nyaungwa; Writing by Mfuneko Toyana; Editing by Ed Stoddard)

2018-03-07 15:43:35

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Most read today
Most read yesterday
Send e-mail to for any enquiries or see Contact Details for phone numbers
Home   •   Terms & conditions   •   PAIA   •   Privacy Policy   •   Security Notice   •   Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa