Thursday, 25 April 2013

Namibia Autos Report Q3 2013

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Namibia Autos Report Q3 2013
Apr 24th 2013, 00:00

The growth prospects of Namibia''s auto industry are helped by the fact the country is one of the wealthiestin Sub-Saharan Africa on a per capita income basis.Although we have downgraded our expectations for Namibian growth in 2013 from 4.6% to 4.3%, owing toongoing sluggishness in the global economy, and the prospect of delayed private investment due to a slumpin the prices of key commodity exports, we believe Namibian consumers will continue to play an importantrole in the country''s growth, and we are expecting sustained increases in private consumption into 2013....

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