The Bank of Namibia halved its 2021 GDP growth forecast to 1.4% y/y, as travel restrictions combined with low international prices for some of Namibia’s export commodities, continue to weigh on the outlook.

The Bank of Namibia halved its 2021 GDP growth forecast to 1.4% y/y, as travel restrictions combined with low international prices for some of Namibia’s export commodities, continue to weigh on the outlook.