Namibia's central bank lowers 2025, 2026 economic growth forecasts
The bank now sees growth of 3.5% in 2025, down from the 3.8% it projected at its last monetary policy meeting in June and last year's 3.7% growth.
It attributed the downward revision to reduced livestock herd sizes because of last year's drought, declining diamond mining and contractions anticipated in meat processing and basic non-ferrous metals.
Growth is seen picking up to 3.9% next year, compared with June's 4.0% forecast.
The Bank of Namibia left its main interest rate unchanged at its last two policy meetings. Its next rate decision will be announced on Wednesday.
(Reporting by Nyasha Nyaungwa; Writing by Sfundo Parakozov; Editing by Alexander Winning)
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