Publication

Date.

20 Feb 2019

Author.

Klaus Schade

Series.

IJG Business Climate Monitor

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IJG Business Climate Monitor November 2018

Namibian economy remains in deep trouble

The IJG Business Climate Monitor for November underlined the economic gloom hanging over Namibia and indicated that any recovery is likely to be slow and inconsistent. The main index dropped below the 50 point mark on the back of reductions in the amount of building plans approved and completed as well as the number of tourist arrivals while the leading indicator, which predicts future trends, was also in decline.