Economy / Namibia
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Macroeconomic Forecast Namibia
August 2004 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Generally favourable market conditions should help real GDP growth tick-up slightly in 2004. The rural sector is finally getting back to normal after the severe drought in 2002, and although fisheries are struggling with a comparatively strong exchange rate, reflecting the performance of the rand, catches are reported as good, which will also help manufacturing, much of which is largely based on the processing of natural resources. Mining, the dominant sector, suffered in 2003 because of the major blow of the corporate failure of NAMCO, but is also bouncing back as diamond production increases, and the Skorpion Zinc project moves