{"id":268569,"date":"2019-06-06T07:44:34","date_gmt":"2019-06-06T05:44:34","guid":{"rendered":"https:\/\/informante.web.na\/?p=268569"},"modified":"2019-06-06T07:44:34","modified_gmt":"2019-06-06T05:44:34","slug":"economic-recovery-dampened-by-slowdown-in-sa","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=268569","title":{"rendered":"Economic recovery dampened by slowdown in SA"},"content":{"rendered":"<div id=\"js_4\" class=\"_5pbx userContent _3576\" data-testid=\"post_message\" data-ft=\"{&quot;tn&quot;:&quot;K&quot;}\">\n<p>Ni\u00ebl Terblanch\u00e9<br \/>\nTHE closely integrated economic ties with South Africa is bound to have a definite negative effect on Namibia\u2019s economic recovery as the country\u2019s southern neighbour showed an alarming slowdown in the first quarter of the year.<br \/>\nFinance Minister Calle Schlettwien said it would be naive to think that the slowdown south of the border would not spill over and negatively impact the recovery of Namibia\u2019s economy.<br \/>\n\u201cWe are definitely worried about the contraction of 3, 2 percent. It is rather a big contraction and what concerns us even more is the big slowdown in the manufacturing sector of South Africa although all sectors showed a negative growth.\u201d<br \/>\nContraction of an economy occurs when a country shows a decline in the national output of goods and services. When coupled with a drop in personal income, industrial production, and retail sales it exacerbates the contraction.<br \/>\nBecause South Africa is Namibia\u2019s biggest trading partner the Namibian economy relies quite strongly on goods and services supplied from there.<br \/>\n\u201cAlthough the outlook is a little bleak we are not without hope. It also does not mean that the Namibian economic recovery is completely stalled, but it rather tells us that we must re-align our fiscal plans to adapt to the situation.\u201d<br \/>\nMr. Schlettwein said the secondary effects of the spill-over will dampen Namibia\u2019s hopes to make a speedy recovery.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-267156\" src=\"https:\/\/informante.web.na\/wp-content\/uploads\/2019\/05\/BlackHouse728x180px.gif\" alt=\"\" width=\"728\" height=\"180\" \/><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ni\u00ebl Terblanch\u00e9 THE closely integrated economic ties with South Africa is bound to have a definite negative effect on Namibia\u2019s economic recovery as the country\u2019s southern neighbour showed an alarming slowdown in the first quarter of the year. Finance Minister Calle Schlettwien said it would be naive to think that the slowdown south of the &#8230;<\/p>\n","protected":false},"author":10,"featured_media":268589,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-268569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic recovery dampened by slowdown in SA - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"THE closely integrated economic ties with South Africa is bound to have a definite negative effect on Namibia\u2019s economic recovery as the country\u2019s southern neighbour showed an alarming slowdown in the first quarter of the year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/informante.web.na\/?p=268569\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic recovery dampened by slowdown in SA - 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