Namibia: 2013 Article IV Consultation-Staff Report; Press Release

Namibia: 2013 Article IV Consultation-Staff Report; Press Release

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This 2013 Article IV Consultation highlights that Namibiaa€™s real GDP grew by a healthy 5 percent in 2012. Preliminary data for the first half of 2013 suggest that growth has moderated; the slowdown reflects weak global demand for exports, which more than offset the solid growth in the non-mineral sector, most notably in retail trade. At end-October 2013, inflation stood slightly below 5 percent. The IMF Staff projects that output growth would further moderate to about 4 percent in 2013. Mineral exports will likely remain subdued on account of weak external demand with growth slowing in Namibiaa€™s major trading partners.Specifically, staff urges the government to limit public sector wage awards below nominal GDP per capita growth, which ... Other policy measures that staff Central Government Expenditure and Wage Bill, 2007a€“11 0 5 1015 2025 30 35 Sey chell ... Beyond this, they had to allow an increase in employment in the education and health sectors which are priority sectors in their national development strategy.

Title:Namibia: 2013 Article IV Consultation-Staff Report; Press Release
Author: International Monetary Fund. African Dept.
Publisher:International Monetary Fund - 2014-02-10

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