The domestic economy is projected to expand by 3.9% in 2023, followed by a moderation to 3.4% in 2024. 

This is contained in the latest economic outlook released by the Bank of Namibia (BoN).

The central bank's latest forecast reflects a downward revision of 0.2% compared to the previous update.

Despite the expected slowdown, Namibia's economy remains resilient amidst a challenging global economic landscape.