Business / Economics

Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency

today21 November, 2024

Background

 

 

Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia’s economy.

Written by: Leonard Witbeen