Namibia : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/277

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Africa, Sub-Saharan.

Economic development.

Financial institutions--Namibia.

Financial institutions.

Physical Description:

1 online resource (34 pages) : illustrations, tables, graphs.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

This Selected Issues paper examines macro-financial risks associated with housing boom in Namibia. Namibia has enjoyed stable and steady progress in financial sector developments, but vulnerabilities might have built up. The recent evolution of Namibia’s housing prices raises a question as to whether the prices reflect economic fundamentals. Overall, estimates based on cross-country evidence of countries that experienced a boom-bust episode in the housing sector suggest that Namibia’s real economic growth could be 3 to 27 percentage points lower than under the baseline scenario over a three-year period. Under the most adverse scenario, in particular, GDP is expected to contract 9.9 percent in real terms over the three-year projection period.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF title page (ebrary, viewed June 21, 2016).

ISBN:

9781513597294

1513597299

9781513560878

1513560875

9781513543413

1513543415