Namibia Economy Slows
Namibia Economy Slows

Namibia Economy Slows

Namibia Economy Slows

Namibia’s domestic economy has slowed in tandem with the regional averages, and the per capita incomes are stalling due to sluggish growth conditions during the 2016/17 financial year, AllAfrica reported. These are some of the problems Namibia’s Finance Minister Calle Schlettwein pointed out when he presented the mid-term budget review in the national assembly. Schlettwein also said that job gains figures narrowed and in some sectors such as construction, they have even been reversed. Market confidence, he pointed out, was at an all-time low and liquidity diminished, putting the financing of the budget deficit at risk. To manage the situation, Schlettwein said he would scale up the allocative efficiency needs to ensure that critical service delivery is not impaired by budgetary shortfalls. Schlettwein, however, said that the current conjecture of gradual growth and tightness of the fiscal adjustment path presents an opportunity for the policy framework which balances between the consolidation policy stance and providing for a package of policy actions to protect the gains made through consolidating expenditure.



Short URL : https://goo.gl/XwxpgY
  1. https://goo.gl/TCcmaK
  • https://goo.gl/Qn2Zhc
  • https://goo.gl/qCMxYg
  • https://goo.gl/Cw772T
  • https://goo.gl/rFFrcu

You can also read ...

Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
US Tariffs to Cost Germans $23b
US President Donald Trump’s tariffs will lead to a drop in...

Add new comment

Read our comment policy before posting your viewpoints