Namibia to climb out of recession this year: cbank


WINDHOEK (Reuters) – Namibia’s economy will grow by 0.6 percent in 2018 and by more than double that in 2019, the central bank said on Friday, following a recession in the southern African nation last year.

The Bank of Namibia said gross domestic product (GDP) would be supported by a recovery across most sectors and particularly in manufacturing and mining, while slower growth in neighbouring South Africa was one of the risks to the outlook.

Writing by Mfuneko Toyana; Editing by Joe Brock


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