26
May
Martin Endjala Namibia will not be affected by the ongoing 2023 global recession caused by simultaneous rate hikes by central banks across the world in response to inflation. The economy of the country is, in fact, expected to grow in the region of three percent, only one percent shy of last year’s 4.6 percent. According to a comprehensive new study by the World Bank, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would cause them lasting harm. Economist, Ruusa Nandago explained that recession by…