Macroeconomic Forecast Namibia

July 2008 | Macroeconomic Forecasts

A rising import bill as oil and energy remain costly will continue to act as a major drag on Namibia's GDP growth over 2008 and 2009, combined with a moderation in domestic demand on the back of aggressive monetary tightening by the Bank of Namibia . Nevertheless, after having grown by 3.8% in 2007, we forecast GDP growth to be slightly higher in 2008, in the region of 4.8%, driven primarily by growth in investment and mining production.

If you would like to subscribe to Southern Africa Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Southern Africa Monitor please click on the trial link below.