Economy bleeds in first quarter

Jo-Maré Duddy – Namibia’s economy grew by -6.5% in real terms in the first three months of 2021, according to data released by the Namibia Statistics Agency (NSA) this morning.
In the corresponding quarter in 2020, overall economic growth in real terms was -2.5%.
The sectors hit worst in the past quarter were: construction (-23.9%), manufacturing (-22.3%) and mining and quarrying (-19%).