{"id":27035,"date":"2026-02-26T13:53:47","date_gmt":"2026-02-26T11:53:47","guid":{"rendered":"http:\/\/jhb-webdevelopers-qa\/channelafrica\/news\/namibia-sees-slightly-higher-economic-growth-this-year\/"},"modified":"2026-02-27T16:35:00","modified_gmt":"2026-02-27T14:35:00","slug":"namibia-sees-slightly-higher-economic-growth-this-year","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/namibia-sees-slightly-higher-economic-growth-this-year\/","title":{"rendered":"Namibia sees slightly higher economic growth this year"},"content":{"rendered":"<p>Namibia&#8217;s economy is forecast to grow 3.1% this year, higher than last year&#8217;s 2.9% growth, its Finance Minister said this Thursday.<\/p>\n<p>&nbsp;<\/p>\n<p>Ericah Shafudah added in an annual budget speech that the overall budget deficit was expected to decrease to 5.5% of gross domestic product (GDP) in the fiscal year that starts on April 1 from 6.6% of GDP in the current fiscal year.<\/p>\n<p>&nbsp;<\/p>\n<p>The resource-rich South African country&#8217;s public finances have taken a hit from a plunge in global diamond prices, although strong gold and uranium prices have been a mitigating factor.<\/p>\n<p>&nbsp;<\/p>\n<p>It is aiming for its first crude oil output by 2030, which could transform its small economy.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":27036,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-27035","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Namibia's economy is forecast to grow 3.1% this year, higher than last year's 2.9% growth","published_date":"2026-02-26 15:52:37","news_description":"Namibia's economy is forecast to grow 3.1% this year, higher than last year's 2.9% growth","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27035\/revisions"}],"predecessor-version":[{"id":27313,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27035\/revisions\/27313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/27036"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=27035"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=27035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}