IMF sees Namibia's economic growth slowing to 2.5 percent in 2016

21 Sep, 2016

WINDHOEK: The International Monetary Fund (IMF) said on Wednesday it expected Namibia's economic growth to slow to 2.5 percent this year after expanding by 5.3 percent in 2015, as a decline in construction activity weighs.

The southern African nation's growth is expected to pick up to above 5 percent in 2017 as mines rump up production, the IMF said in a statement after a team led a mission to Namibia.

Copyright Reuters, 2016

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