European Parliament Library

Namibia :, 2013 Article IV Consultation-Staff Report; Press Release

Abstract
This 2013 Article IV consultation highlights Namibia’s positive growth record over the years, which has raised overall incomes and led to positive economic outcomes. However, growth has not translated into sufficient job creation, and unemployment and income inequality are persistently high. Real GDP growth is expected to moderate to 4 percent in 2013 from 5 percent in 2012 reflecting weak global demand for exports partially offset by solid growth in domestic demand. Given the uncertain external environment, the IMF staff recommends that the authorities pursue “growth-friendly” fiscal consolidation, reining in unproductive current spending while protecting growth-promoting capital spending. The IMF staff also welcomes efforts by the government to look into ways to steer a gradual reduction of the wage bill, which would improve labor market outcomes
Table Of Contents
Cover; CONTENTS; SETTING, CURRENT CONDITIONS, OUTLOOK, AND RISKS; A. The Long-Term Setting; B. Current Conditions; C. Outlook and Risks; FIGURE; 1. Recent Macroeconomic Performance and Outlook; POLICY DISCUSSIONS; A. Policy Theme 1: Near-Term Macroeconomic Policies and Global Spillovers; B. Policy Theme 2: Pursuing a "Growth-Friendly" Fiscal Consolidation and Improving Labor Market Outcomes; C. Policy Theme 3: Strengthening Financial Stability while Pursuing Greater Financial Inclusion; D. Policy Theme 4: Reinvigorating Growth, Enhancing Inclusion and Promoting Economic Diversification
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475552577

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