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Business Unity South Africa The Impact of the Global Economic Crisis on Selected SADC Countries 09 December 2009

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Business Unity South Africa The Impact of the Global Economic Crisis on Selected SADC Countries 09 December 2009

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    1. Business Unity South Africa The Impact of the Global Economic Crisis on Selected SADC Countries 09 December 2009

    2. NAMIBIA COUNTRY REPORT The impact of the global economic crisis on Namibia Summary of key findings

    3. Real GDP Decline

    4. Decreasing Exports

    5. Countercyclical Government Response

    6. Namibia’s Financial System

    7. Labour Market Characteristics

    8. Government Responses Direct Government responses to the crisis have been limited Measures taken: Active management of oil volatility Inflation and interest rate management Personal tax relief gazetted in September 2009

    9. Summary and Conclusions The sector most exposed to the crisis was mining and minerals as the sector experienced a decrease in prices as well as demand Public sector deficit expected to increase to 5.2 % of GDP Government response has been minimal

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