Economy continues to experience unprecedented headwinds: Geingob

Contributed by NAMPA.

WINDHOEK, 04 JUN (NAMPA) – Namibia’s economy continues to experience unprecedented headwinds since 2016, with challenges such as declining economic growth and per capita income, as well as low investment.
President Hage Geingob said this when he delivered his sixth State of the Nation Address here on Thursday.
The president said other challenges include a high public expenditure ratio compounded by the global economic downturn, declining commodity prices and exchange rate fluctuations.
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