Namibia’s GDP growth expected to slow down

Martin Endjala Namibia’s real Gross Domestic Product (GDP) growth is expected to slow down in 2023 and 2024, due to weaker global demand. Considering the current macroeconomic conditions, the Macroprudential Oversight Committee (MOC) deliberated and deemed it important to recommend a policy intervention on the existing Loan-To-Value ratios (LTV) regulation. Contrary to the robust growth of 4.6 percent observed in 2022, the domestic real GDP growth is projected to moderate to 3.0 percent in 2023 and is further expected to slow down to 2.9 percent in 2024. The moderation is mainly on account of global monetary policy tightening and ongoing…