Namibia: Nation Not Immune to Eurozone Crisis - BoN

19 December 2011

ALTHOUGH the escalating eurozone debt crisis is "taking place many geographical miles away from Namibia", it has the potential to hurt the country's export earnings and "give a gloomy picture to the domestic growth prospects", the Bank of Namibia (BoN) has warned.

"Although it is too early to determine the full extent of the impact from the crisis, all indications points towards the fact that the continuation of the crisis will result in substantial loss of export earnings for Namibia," the BoN said in its latest quarterly bulletin, released on Friday.

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