insert_link Business / Economics Economic Growth Slows As Inflation Declines According To BoN Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November. todayDecember 18, 2024 17
insert_link Business / Economics Bank of Namibia Hosts CMA Central Bank Governors Meeting The Bank of Namibia organized a high-level meeting of the Common Monetary Area Central Bank Governors, led by Governor Johannes !Gawaxab. The meeting included Governor Lesetja Kganyago from the South African Reserve Bank, Governor Emmanuel Letete from the Central Bank of Lesotho, and Governor Phil Mnisi from the Central Bank of Eswatini. Here's BoN'S Communications Practitioner: Josefina Oskar: todayNovember 19, 2024 31
insert_link Business / Economics Bank of Namibia Forecasts Economic Growth of 3.1% for this year The Bank of Namibia’s August 2024 Economic Outlook predicts a 3.1% growth for Namibia’s economy ifor this year, with a slight increase to 3.9% in 2025. Global growth is expected to be 3.2%, rising marginally to 3.3% in next year. While the 2024 forecast remains unchanged, the 2025 projection has been adjusted upward by 0.1 percentage points due to revised growth estimates for China. Josefina Oskar, the Bank’s Communications Practitioner, […] todayAugust 9, 2024 51