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Namibia Q3 GDP 2020

Namibia Q3 GDP 2020

The Namibian economy reportedly contracted 10.5% in Q3 ’20, with revised contractions of 1.4% in Q1 (previous: -1.8%) and 10.1% in Q2 (previous: -11.1%). Contractions were reported for all sectors of the economy, except for Electricity and water, Construction, Information and communication, and Health. The Namibian economy has now contracted in 12 of the last 18 quarters.

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