Economic Forecast

U.S inflation eased slightly in January

U.S inflation eased slightly in January according to new figures — raising questions about possible rate cuts in the coming months. At the same time, figures revealed Americans spending slowed more than what was forecast for January. Mitch McCann reports

1 March, 2025 54

Business / Economics

US inflation hits 3% for first time since June

US President Donald Trump is pressing on with his protectionist agenda, readying reciprocal tariffs on various products from multiple nations, despite fresh inflation data showing prices are still rising in the United States. CPI increased 3% last month compared to a year ago — that's higher than economists predicted, as Benji Hyer reports.

13 February, 2025 44

Business / Economics

B2Gold plans $7 million exploration to expand Antelope Deposit

B2Gold Corp. has announced a positive preliminary economic assessment (PEA) for the Antelope deposit at its Otjikoto Mine in Namibia, forecasting an after-tax net present value of $131 million and an internal rate of return of 35%. The Antelope deposit, located approximately four kilometers southwest of the existing Otjikoto open pit, comprises the Springbok and Oryx Zones, with a potential third structure, Impala, pending further drilling confirmation. B2Gold’s assessment indicates […]

5 February, 2025 33

Business / Economics

FNB Namibia house price index reports 7% growth in Q3 2024

The FNB Namibia House Price Index for the third quarter of 2024 has revealed a growth of 7%, with notable increases observed in the central, coastal, and northern regions. However, the southern regions continued to experience sluggish growth. According to Market Research Manager at FNB Namibia, Mandisa Van Wyk, the growth in house prices was also supported by improved transaction volumes, although they remain in contraction. […]

22 January, 2025 112

Business / Economics

Inflation drops to 3.4% in December 2024, driven by lower food and transport prices

Inflation in December 2024 decreased to 3.4% year-on-year, down from 5.3% in December 2023. The decline was primarily driven by lower food and transport prices, although higher housing and utility costs partially offset the reduction. On a month-on-month basis, inflation rose slightly from 3.0% in November to 3.4% in December, largely due to higher food prices and mild transport deflation. FNB Economist Helena Mboti explained the factors behind the inflation […]

14 January, 2025 63

Business / Economics

Bank of England Hold interest rates

The Bank of England has held UK interest rates at 4.75%, warning that Britain's economy is on the brink of stagnation following a combination of global factors, and the UK finance minister's spending plans for the year ahead. Lou Browne has more.

20 December, 2024 52

Business / Economics

Global demand and drought impact GDP

The Bank of Namibia has released the Economic Outlook update for December 2024. The domestic economy is estimated to expand by 3.5 percent in 2024 and 4.0 percent in 2025. However, GDP growth is expected to slow in 2024 due to weaker global demand for minerals and drought-related impacts. Here is Josefina Oskar from the Bank of Namibia.

2 December, 2024 26

Africa

World Bank Lowers Sub-Saharan Africa Growth Forecast to 3% Amid Sudan Crisis

The World Bank announced on Monday that it has reduced its economic growth forecast for sub-Saharan Africa this year to 3%, down from 3.4%, largely due to the impact of Sudan's civil war on its economy. Reuters says, nevertheless, growth is anticipated to exceed last year's 2.4% rate, driven by increased private consumption and investment, according to the bank's latest regional economic outlook report, Africa's Pulse. Andrew Dabalen, the World […]

15 October, 2024 26

Business / Economics

FNB Namibia expects inflation to reach 4.7% in September

FNB Namibia expects headline inflation to increase to 4.7% year-on-year in September from 4.4% in August, mainly driven by rising food and non-alcoholic beverage prices because of the ongoing drought, while transport costs continue to decline. Core inflation is expected to slightly decrease from 3.8% in August to 3.7% in September. This small drop suggests that, even though overall inflation might temporarily rise, inflationary pressures in the economy are gradually […]

2 October, 2024 56