Recession tightens grip

19 September 2019 | Economics

The latest gross domestic product (GDP) figures released by the Namibia Statistics Agency (NSA) this morning show the economy grew by -2.6% in the second quarter of 2019. In the same quarter last year, growth was 0.6%.
The revised figures also show the economy grew by -2.9% in the first quarter of this year, worse than the -2.0% the NSA released earlier this year.
Agriculture, construction and public administration were the sectors with the worst performances in the past quarter.

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