World Economy

Namibia Growth at Risk

Namibia Growth at RiskNamibia Growth at Risk

Namibia’s economic growth faces risks from volatile customs revenues and a sharp increase in house prices, and the government may have to scale back expansionary fiscal policies, the International Monetary Fund said on Friday, Reuters reported. “Namibia’s growth outlook is clouded with downside risks, while facing significant policy challenges,” it said, adding that increased expenditure on unemployment projects and growth in import demand would put pressure on deficits. “The main near-term risks are associated with highly volatile Southern African Customs Union revenues, rapid growth of house prices, and the external environment,” the IMF said.