Namibia Economic Outlook Macroeconomic performance and outlook Real GDP, which peaked at 6.1% in 2015, contracted by an estimated 1.0% in 2019, following a 0.5% contraction in 2018.

The down-cycle has been evident since 2016 and carried over throughout 2017 and 2018. Economic Outlook - July 2019 | 829 kB Economic Outlook - April 2019 ... (sector) banks borrow namibian dollars from the Bank of Namibia. The first CPS was developed within the framework of Namibia’s … This outcome will largely be the result of a “flattening” out of the down cycle rather than a real recovery. Prime overdraft rate (predominant rate) Benchmark rate at which private banks lend out to the public. However, public debt remains on a rising path, reserve coverage is below adequate levels, and growth has recently halted. View Info. AFTER experiencing negative growth over the last 10 quarters, the Namibian economy is expected to rebound in 2019, going forward. Namibia’s economy is rebalancing, but significant challenges remain. The fiscal and current account deficits have narrowed, and credit and house prices growth has decelerated. The Country Partnership Strategy (CPS) FY14-17 is the first, full World Bank Group (WBG) country strategy for Namibia, currently extended to 2020 through the Performance and Learning review considered by the Board in 2018.
An International Monetary Fund (IMF) staff team led by Mr. Geremia Palomba, IMF Mission Chief for Namibia, visited Windhoek during May 22-June 4, 2019 to conduct the 2019 Article IV Consultation with Namibia. Repo 4.00 Prime 7.75 Exchange rates. In brief. Namibia’s president, Hage Geingob, will remain in power in 2020-24, as will his quasi-socialist SWAPO Party. The Namibian economy will probably show marginally positive growth in 2019 of 1.5% in real terms.
This page has economic forecasts for Namibia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Namibia economy. Such an extension would align a follow-on CPF to the next electoral cycle, planned in November 2019. However, the political landscape will continue to fragment in 2020 as Namibia suffers its worst recession since independence in 1990 (with the coronavirus pandemic causing Namibia's GDP to contract by 6.7%). Zambia’s economy was hit by drought in the south and west that lowered 2018/19 agricultural production and hydropower electricity generation considerably. At the conclusion of the visit, Mr. Palomba made the following statement: