Economic Outlook

In times of trouble, manage your money better

In times of trouble, manage your money better

Samuel Linyondi The Bank of Namibia's latest Economic Outlook expects the Namibian economy to fall into a deeper contraction during 2020, mainly due to the devastating impact of COVID-19 across all sectors. This means that as we conclude the year, we will be faced with a few challenges. For some, it means having taken a drop in their salary, while for others, a total loss of income. Few are fortunate enough to still have a job and have their income unaffected. What these times of uncertainty have taught us is that having savings for emergency situations is critical. As we…
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