Southern Africa
Namibia Construction sector suffers 43.7% decline in third quarter 2021
The performance of Namibia’s construction sector declined by 43.7% in real added value during the third quarter of 2021.
This is a massive decline, especially when compared to the Namibian construction sector's performance in the corresponding quarter of 2020 which recorded a decline of 10.4%.
The decline in performance of the construction sector in reflected in reduced government spending on construction during this period. Figures published by the Namibia
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