Recession tightens grip
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.
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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Namibian Sun
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