Economics
In January, the International Monetary Fund predicted economic growth would drop by 50% in 2009, from 4% to 2% due to the global recession. Projections were cut again in March, down to 1.2% growth, according to Minister of Finance Saara Kuugongelwa. This was credited to a decrease in mining activities across the country.
Read more about this topic: 2009 In Namibia
Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)