Namibia: 2013 Article IV Consultation-Staff Report; Press Release

Publication Date: February 10, 2014
Electronic Access: Free Full text (PDF file size is 2,306KB).
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Summary: This 2013 Article IV Consultation highlights that Namibia’s real GDP grew by a healthy 5 percent in 2012. Preliminary data for the first half of 2013 suggest that growth has moderated; the slowdown reflects weak global demand for exports, which more than offset the solid growth in the non-mineral sector, most notably in retail trade. At end-October 2013, inflation stood slightly below 5 percent. The IMF Staff projects that output growth would further moderate to about 4 percent in 2013. Mineral exports will likely remain subdued on account of weak external demand with growth slowing in Namibia’s major trading partners.
Series: Country Report No. 14/40
Subject(s): Article IV consultation reports | Fiscal consolidation | Government expenditures | Spillovers | Fiscal policy | Public enterprises | Financial sector | Economic indicators | Millennium Development Goals | Debt sustainability analysis | Staff Reports | Press releases | Namibia

Publication Date: February 10, 2014
ISBN/ISSN: 9781475518450/1934-7685 Format: Paper
Stock No: 1NAMEA2014001 Pages: 58
US$18.00 (Academic Rate:
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