{"id":6697,"date":"2021-12-04T13:33:56","date_gmt":"2021-12-04T13:33:56","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-expects-economy-to-grow-by-1-5-pct-in-2021"},"modified":"2021-12-04T15:22:45","modified_gmt":"2021-12-04T15:22:45","slug":"namibia-expects-economy-to-grow-by-1-5-pct-in-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibia-expects-economy-to-grow-by-1-5-pct-in-2021","title":{"rendered":"Namibia expects economy to grow by 1.5 pct in 2021"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>Namibia\u2019s central bank expects the economy to grow by 1.5 percent in 2021, a revision from a 1.4-percent forecast in August, the bank said in a statement Friday.<\/p>\n<p>\u201cThe projected improvements are mainly due to base effects and better growth prospects for the mining industry and most industries in the tertiary sector,\u201d said the bank. For 2022 and 2023, the bank forecasts a growth of 3.3 percent and 4 percent, respectively.<\/p>\n<p>\u201cRisks to domestic growth remain dominated by the impact of the COVID-19 pandemic, but also include persistently low international prices for some of Namibia\u2019s export commodities, and climatic swings,\u201d the bank added.<\/p>\n<p>According to the bank, risks to domestic growth are also dominated by travel restrictions that are still in place for many countries exacerbated by new waves of coronavirus infections, and the pace of vaccination in Namibia.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. Namibia\u2019s central bank expects the economy to grow by 1.5 percent in 2021, a revision from a 1.4-percent forecast in August, the bank said in a statement Friday. \u201cThe projected improvements are mainly due to base effects and better growth prospects for the mining industry and most industries in the tertiary sector,\u201d [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":6696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-6697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Namibia expects economy to grow by 1.5 pct in 2021 - 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