Namibia: Staff Report for the 2005 Article IV Consultation
Volume/Issue:
Volume 2006
Issue 152
Publication date: April 2006
ISBN: 9781451828412
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , government , Namibian authorities , outlay , expenditure side , authorities target ceiling , staff appraisal , SACU receipts , Government debt management , Africa , Sub-Saharan Africa , Southern Africa
Summary
This 2005 Article IV Consultation highlights that Namibia recorded robust real GDP growth, falling inflation, a strong external current account surplus, and continued low external indebtedness over the last two years. Real GDP grew by 6 percent in 2004, as new marine technologies prompted a surge in diamond production and most other sectors of the economy showed solid economic activity, aided by a decline in interest rates. Growth slowed in 2005, as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat.
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