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Civil servant wage increase may support household spending – Windhoek Observer
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Civil servant wage increase may support household spending – Windhoek Observer
Chamwe Kaira The recent increase in civil servant wages is expected to provide some support to household purchasing power and household credit demand in the near term, according to FNB Namibia economist Cheryl Emvula. “However, while these improvements may provide modest relief, they are unlikely to drive a substantial acceleration in household Private Sector Credit Extension (PSCE) growth. This is largely due to persistent structural constrain…
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