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Namibia Economic Outlook 2021

Namibia Economic Outlook 2021

The contraction in 2020 will be the largest Namibia has recorded in her history, by our estimate 8.4%, taking real GDP back to 2013 levels. It is against this background that our 2021 growth forecast of 3.8% should be viewed, as restrictions for the full year are anticipated to be less severe than those in 2020.

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