Effects of the Ukraine invasion still felt in Namibia

Effects of the Ukraine invasion still felt in Namibia

Effects of the Ukraine invasion still felt in Namibia

Steve Nashama In a latest Economic Outlook update for March 2023, released by the Bank of Namibia, the bank said Namibia’s domestic economy is projected to grow by 3.0 per cent in 2023 and by 2.9 per cent in 2024.Kazembire Zemburuka, the Director of Strategic Communications and International Relations at the Bank of Namibia, made the announcement this on Wednesday. He explained that the real Gross Domestic Product growth is estimated to have increased to 4.2 per cent in 2022 but is projected to slow down to 3.0 per cent this year.The estimated growth for 2022 has been revised upwards…
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