Namibia: Business Should Brace for 'Adverse Headwinds'

CONSUMER spending drove business confidence up last month, causing the IJG Business Climate Index to bounce back from April by 0,5 basis points, registering 119,2.

The index, released by the Institute of Public Policy Research (IPPR) yesterday, showed that the Consumption Index climbed 4,7 basis points to 103,1 "as consumers borrowed more money from the banking sector to sustain their lifestyles".

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