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WINDHOEK- The International Monetary Fund (IMF) projects that Namibia’s GDP will contract in 2018, pushing out its forecast for growth to next year when it sees support from strong mining production and a rebound in construction activities.
Namibia’s economy is forecast to contract 0.2 percent this year, down from a previous forecast of 1 percent growth, due to a weak performance in the manufacturing and construction sectors, the finance ministry has said.
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