01932cas a2200241 a 4500 AALejournalIMF014206 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475518450 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Namibia : 2013 Article IV Consultation-Staff Report; Press Release. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (58 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2013 Article IV consultation highlights Namibia's positive growth record over the years, which has raised overall incomes and led to positive economic outcomes. However, growth has not translated into sufficient job creation, and unemployment and income inequality are persistently high. Real GDP growth is expected to moderate to 4 percent in 2013 from 5 percent in 2012 reflecting weak global demand for exports partially offset by solid growth in domestic demand. Given the uncertain external environment, the IMF staff recommends that the authorities pursue 'growth-friendly' fiscal consolidation, reining in unproductive current spending while protecting growth-promoting capital spending. The IMF staff also welcomes efforts by the government to look into ways to steer a gradual reduction of the wage bill, which would improve labor market outcomes. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/040 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/040/002.2014.issue-040-en.xml IMF e-Library