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NAMIBIA HOUSHOLDS FACING TOUGH FINNACIAL TIMES
Households are facing a challenging environment, as the rising cost of living combined with tighter monetary policy this year has added to budgetary pressures. Credit extended to the private sector grew by 4,0% year on year (y/y) in July compared to 3,4% y/y in June, with net household debt increasing by 2,1% y/y in July compared to 2,0% y/y in the prior month, whereas net corporate debt increased by 6,5% y/y in July compared to…
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