Can Namibia;s economy make a turn this year?

[PODCAST]

The Bank of Namibia has cautioned that the main risks to Namibia’s domestic growth projections stem from the adverse effects of the drought and weakened global commodity demand.
Persistent drought conditions pose a threat to agricultural output during and beyond 2024. The recovery in diamonds hinges on several external factors, namely, recovery in global demand for natural diamonds, a clear distinction between natural diamonds and lab-grown diamonds by consumers, and the end of trade wars which currently is negatively affecting diamonds.
But can Namibia;s economy make a turn this year? We spoke to economic analyst Salomo Hei.