Recession to hit even harder
27 August 2019 | Economics
In its latest Economic Outlook released this afternoon, the Bank of Namibia (BoN) forecasts growth of -1.7% for 2019. Last year, the contraction was -0.1% and in 2017 it was -0.9%.
In April this year, the central bank still expected Namibia to exit the recession. Its growth forecast at the time was 0.3%.