WINDHOEK, Nov. 3 — Namibia’s economy is projected to grow 1.9 percent this year, a downward revision from 2.1 percent estimated in the main budget, said the country’s Finance Minister Iipumbu Shiimi during a budget review Wednesday.
The revision reflects low base effects and slightly lower production prospects, compounded by the rampant third wave of the COVID-19 pandemic and the subsequent restrictive measures introduced to contain the spread of the virus, Shiimi said.
“From the sectors of industry point of view, growth will be anchored by output from primary industries and tertiary industries on the back of a strong recovery in mining, supported by minor growth in agriculture as well as strong activity in wholesale and retail, transport, and financial services,” he said, warning that secondary industries are projected to contract, largely due to expected declines in electricity and water production as well as the construction sector.
According to Shiimi, while the domestic economy is estimated to return to a positive growth trajectory, that growth is still not strong enough to regain the revenue prospects lost during the recession and pandemic periods. (Xinhua)
Namibian economy projected to grow 1.9 pct in 2021
previous post
19 comments
Arie Baisch
[…]Sites of interest we’ve a link to[…]
Chirurgiens esthétique Tunisie
[…]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless really worth taking a look, whoa did one particular study about Mid East has got far more problerms too […]
National Chi Nan University
[…]although web-sites we backlink to beneath are considerably not related to ours, we feel they may be really worth a go by way of, so possess a look[…]
Faculty of Commerce and Business Administration
[…]The information and facts mentioned inside the article are several of the ideal out there […]
Model United Nations
[…]here are some links to web-sites that we link to because we feel they’re really worth visiting[…]
كلية الصيدلة
[…]The facts mentioned within the post are a number of the very best offered […]
عيوب كلية الصيدلة
[…]The info talked about in the article are several of the top offered […]
الكيمياء الحيوية
[…]we like to honor several other web web sites on the web, even though they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
Get in Touch with Faculty of Oral and Dental Medicine
[…]usually posts some quite exciting stuff like this. If youre new to this site[…]
Oral Biology and Oral Pathology Department
[…]Wonderful story, reckoned we could combine several unrelated data, nevertheless definitely worth taking a search, whoa did one understand about Mid East has got much more problerms too […]
معدل قبول في كلية طب الفم والاسنان
[…]we came across a cool site which you may well get pleasure from. Take a appear should you want[…]
failure and re-registration in courses
[…]although web sites we backlink to below are considerably not related to ours, we really feel they’re essentially worth a go as a result of, so have a look[…]
Academic Innovation
[…]Here are a number of the internet sites we advocate for our visitors[…]
Department of Computer Engineering
[…]very handful of internet sites that occur to be in depth below, from our point of view are undoubtedly well really worth checking out[…]
Networking Events
[…]check beneath, are some entirely unrelated sites to ours, however, they’re most trustworthy sources that we use[…]
Faculty Handbook
[…]Wonderful story, reckoned we could combine several unrelated data, nevertheless actually really worth taking a appear, whoa did a single discover about Mid East has got extra problerms too […]
psychological research
[…]check below, are some totally unrelated internet websites to ours, however, they may be most trustworthy sources that we use[…]
faculty of dental
[…]Sites of interest we have a link to[…]
قبول الطلاب الدوليين في جامعة المستقبل
[…]just beneath, are various absolutely not connected sites to ours, having said that, they’re certainly really worth going over[…]
Comments are closed.