Annual inflation lowest since 2015 – New Era
Commenting on the latest figures the Executive Director of the Economic Association of Namibia, Klaus Schade, said that price increases for services clearly remained the main driver of inflation accounting for 3.2 percentage points of the inflation of 5.2 percent. The category of ‘housing, water, electricity, etc.’ again recorded the highest inflation rate of the […]
Fitch junks Namibia – The Namibian
Commenting on the Fitch downgrade late yesterday, Economic Association of Namibia (EAN) director Klaus Schade said the downgrade was not unexpected after Schlettwein’s mid-year budget review was tabled.
Consumers enjoy lower basic food prices – The Namibian
THE Economic Association of Namibia yesterday said consumers continue to benefit from lower prices of basic food items such as bread and cereals, as well as relatively modest increases for food items in general.
Calle asks we hang on tight, things to get better soon – New Era
“The budget deficit is up and we expect the public debt-to-budget ratio to remain at 44 percent, which is much higher than what was anticipated in the original budget of 42 percent in 2016 and 38 percent in 2017,” commented the executive director of the Economic Association of Namibia, Klaus Schade.
Namibia improves slightly in ‘Doing Business 2018’ report
Given the high prices for residential property and the contraction in the construction industry, these areas warrant urgent attention,” commented Klaus Schade of the Economic Association of Namibia.
Annual inflation continues to slow down
Klaus Schade of the Economic Association of Namibia (EAN) noted that price increases for services are this year the main inflation driver. Schade noted that prices for services increased by 8.4 percent compared to September 2016 and that service prices rose faster than prices for goods since January 2017.
HEADLINE INFLATION SENDS DISTURBING SIGNAL OF UNDERLYING INFLATIONARY PRESSURES CONTINUING
The decision to leave fuel prices unchanged in October will reduce price pressure on transportation costs with subsequent positive impact on the inflation rate in October” stated the Executive Director of the Economic Association of Namibia, Mr Klaus Schade.
Less retrenchments expected in coming months – NEF
Edgar Brandt Windhoek-More than 129 000 Namibians lost their jobs since 2014 due to drought and the global financial recession. This is according to a recent presentation by the Economic Association of Namibia (EAN).
Analysts respond to data on Q2 economic contraction – New Era
Windhoek-Recently-released Gross Domestic Product (GDP) statistics by the Namibia Statistics Agency (NSA) for the second quarter of 2017 indicate that the domestic economy continued to contract at the same pace as in the first quarter of the year, namely by 1.7 percent compared to the second quarter 2016.
Uncertainty over uranium prices outlook
Despite an improved rebound in commodity prices, Uranium remains subdued, and Economic Association of Namibia (EAN) Director Klaus Schade has said the future of uranium prices is uncertain. “Prices remain very low at about US$20 per pound; in fact they are hovering between US$20 and US$25 per pound since the beginning of the year. These […]