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Final National Accounts, 2014

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The Namibia Statistics Agency has just released the final national accounts for 2014. As per our expectations, we have seen a major upward revision in the overall real growth rate, from 4.5% to 6.4%, slightly below our forecast of 6.8%. This revision brings both the overall growth level more in… Continue reading →

The Namibian Macroeconomic Environment: July 2015

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Background: The macroeconomic environment in Namibia remains positive, with growth running at or above long term averages for the past five years. Historically low interest rates, expansive Government stimulus and the unprecedented levels of foreign direct investment into Namibia have driven this growth, with a key focus on construction in… Continue reading →