Economics
Namibian Economy Contracts for Fourth Consecutive Quarter
- GDP declined 2.6% from a year earlier, statistics office says
- Central bank forecasts full-year contraction of 1.7% for 2019
Windhoek Namibia.
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Namibia’s economy contracted for the fourth consecutive quarter in the three months through June, dragged down by mining and agriculture.
Gross domestic product shrank by 2.6% from a year earlier, compared with a revised 2.9% decrease in the first quarter, Statistician General Alex Shimuafeni told reporters Thursday in the capital, Windhoek.