Fitch revises outlook on Namibia to negative Namibia’s economic outlook has been downgraded by international
ratings agency Fitch from stable to negative. The country’s budget
deficit widened sharply to 8.3% of GDP and is well above the
government’s 5% target and the worst on record. The overshoot in the
deficit is due to weaker than expected revenue. Fitch, however,
predicts that things could turn around soon.
-Enca