This edition of Economy Watch takes a closer at Namibia’s loss in competitiveness compared to other nations in the World Economic Forum’s Global Competitiveness Report. Namibia has slipped in infrastructure, the macro-economic environment – though most of the slide in Namibia’s ranking comes from stagnation while others improved.
The Economy Watch also looks at the IMF’s new World Economic Outlook. The global outlook has improved, but lower growth projections for South Africa likely mean lower demand for Namibian goods and services. In addition, SACU revenues will likely decrease.