{
  "title": "Namibia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Namibia",
  "publication": "IMF Staff Country Reports, February 28, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/02/28/namibia-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45665",
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  "summary": "This 2017 Article IV Consultation highlights that Namibia’s economy has reached a turning point with ending of temporary expansionary factors. GDP sharply decelerated in 2016 and contracted in 2017 as construction in the mining sector came to an end and the government began consolidating.",
  "sections": [
    {
      "heading": "Economic performance (2016–2017)",
      "content": "- GDP sharply decelerated in 2016 and contracted in 2017 as construction in the mining sector came to an end and the government began consolidating.\n- With the economy contracting and Southern Africa Customs Union’s receipts temporarily increasing, the current account balance improved significantly."
    },
    {
      "heading": "Outlook and growth projections",
      "content": "- Growth is projected to resume in 2018, as mining production ramps up, construction activity stabilizes and manufacturing recovers.\n- Growth is expected to converge to a long-term rate of about 3.5 percent, below the average of recent years."
    },
    {
      "heading": "Vulnerabilities and risks",
      "content": "- The outlook remains positive with considerable vulnerabilities and risks (specific vulnerabilities and risk channels are identified in the full Report)."
    },
    {
      "heading": "Policy themes and areas covered",
      "content": "- Banking\n- Expenditure\n- Fiscal consolidation\n- Fiscal policy\n- Fiscal risks\n- National accounts\n- Public debt\n- Public financial management (PFM)\n- Revenue administration"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- Africa, CR, credit growth, deficit, exchange rate, Fiscal consolidation, Fiscal risks, GDP, Global, headline inflation, ISCR, Namibia, private sector, private sector indebtedness, reports balance of payments, SACU revenue, SACU revenue receipt, Southern Africa\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 28, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484344071.002",
    "GDP sharply decelerated in 2016 and contracted in 2017 as construction in the mining sector came to an end and the government began consolidating.",
    "With the economy contracting and Southern Africa Customs Union’s receipts temporarily increasing, the current account balance improved significantly.",
    "Growth is projected to resume in 2018, as mining production ramps up, construction activity stabilizes and manufacturing recovers.",
    "Growth is expected to converge to a long-term rate of about 3.5 percent, below the average of recent years.",
    "The outlook remains positive with considerable vulnerabilities and risks (specific vulnerabilities and risk channels are identified in the full Report).",
    "Africa, CR, credit growth, deficit, exchange rate, Fiscal consolidation, Fiscal risks, GDP, Global, headline inflation, ISCR, Namibia, private sector, private sector indebtedness, reports balance of payments, SACU revenue, SACU revenue receipt, Southern Africa",
    "**Country Report**"
  ],
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