Thursday, June 21, 2012

Namibia's economy to grow 4.2 percent in 2012

The global downturn could put the brakes on Namibia's economy, but analysts remain optimistic on the country's ability to shrug off external shocks given increased consumer spending and the government's loose fiscal policy.

Namibia, which relies heavily on mining and is a major uranium producer is expected to grow 4.2 percent this year, in-line with the central bank forecast of 4.2 percent and up from 3.8 percent growth last year, a Reuters poll showed on Thursday.

The poll of ten

More details here...

No comments:

Post a Comment