25
Sep
Staff Writer Namibia’s stronger-than-expected 4.8% economic growth in the second quarter is unlikely to be sustained through the rest of 2026, with Simonis Storm forecasting a sharp slowdown in the second half of the year. In its latest macroeconomic assessment, Simonis Storm said the Q2 performance, together with an upward revision to first-quarter growth, had changed the arithmetic for the year but argued that the recovery was being driven largely by base effects, services, farming and domestic demand rather than exports. The research firm maintained its 2026 growth forecast at 2.0%, below the Bank of Namibia’s 2.1% forecast, the World…
