Namibia: Selected Issues

October 1, 2015

Preview Citation

Format: Chicago

Namibia: Selected Issues, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Summary

This Selected Issues paper examines macro-financial risks associated with housing boom in Namibia. Namibia has enjoyed stable and steady progress in financial sector developments, but vulnerabilities might have built up. The recent evolution of Namibia’s housing prices raises a question as to whether the prices reflect economic fundamentals. Overall, estimates based on cross-country evidence of countries that experienced a boom-bust episode in the housing sector suggest that Namibia’s real economic growth could be 3 to 27 percentage points lower than under the baseline scenario over a three-year period. Under the most adverse scenario, in particular, GDP is expected to contract 9.9 percent in real terms over the three-year projection period.

Subject: Banking, Credit, Financial institutions, Housing, Housing prices, Money, Mortgages, National accounts, Nonperforming loans, Prices

Keywords: Africa, Asset, Baltics, Central and Eastern Europe, Commodity price, CR, Credit, Credit growth, Eastern Europe, Economic activity, Financial crisis, House price, Housing, Housing prices, ISCR, Mortgages, Namibia, Nonperforming loans, Price, Real GDP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/277
Stock No:

1NAMEA2015002
ISBN:

9781513524375
ISSN:

1934-7685

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