Namibia 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia

This 2017 Article IV Consultation highlights that Namibia’s economy has reached a turning point with ending of temporary expansionary factors. GDP sharply decelerated in 2016 and contracted in 2017 as construction in the mining sector came to an end and the government began consolidating. With the e...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Finance 
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653 |a Banks and banking 
653 |a Debts, Public 
653 |a Fiscal Policy 
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653 |a Exports and Imports 
653 |a Mortgages 
653 |a National accounts 
653 |a National income 
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653 |a Depository Institutions 
653 |a Revenue administration 
653 |a Debt Management 
653 |a Micro Finance Institutions 
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653 |a Debt 
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520 |a This 2017 Article IV Consultation highlights that Namibia’s economy has reached a turning point with ending of temporary expansionary factors. GDP sharply decelerated in 2016 and contracted in 2017 as construction in the mining sector came to an end and the government began consolidating. With the economy contracting and Southern Africa Customs Union’s receipts temporarily increasing, the current account balance improved significantly. The outlook remains positive with considerable vulnerabilities and risks. Growth is projected to resume in 2018, as mining production ramps up, construction activity stabilizes and manufacturing recovers, before converging to a long-term rate of about 3.5 percent, below the average of recent years