Economy / Namibia
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Macroeconomic Forecast Namibia
December 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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Namibia's economic performance is closely tied to South Africa as its currency is pegged to the rand and its larger neighbour supplies 85% of the country's imports. Inflation in South Africa has subsided, which has translated into a more benign price outlook for Namibia. The external position is benefiting from buoyant world commodity markets, but the country remains structurally vulnerable to exogenous shocks and adverse weather. Nonetheless, economic management is good overall and there is significant interest on the part of foreign investors. The main challenges facing the country are to lift its economic growth rate in order to reduce