For the past three years, Namibia’s economy has been battered by a perfect storm, consisting of the country’s worst drought in decades, low commodity prices and the lacklustre economic performance of its southern neighbour South Africa.
Thanks to such factors, the country’s economy has been contracting since late 2016. And while the Bank of Namibia has forecast a return to growth in 2019, weaker forecasts for the country’s all-important mining sector, together with ongoing concerns about South Africa’s economy, have made others more pessimistic.
