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WINDHOEK Evgeni Malkin Russia Jersey , Sept. 21 (Xinhua) -- Namibia's economy contracted by 1.7 percent in the second quarter of 2017 compared to a decline of 0.4 percent registered in the corresponding quarter of 2016, according to Namibia Statistics Agency (NSA) on Thursday.


NSA statistician General Alex Shimuhafeni at the presentation of the the Quarterly GDP Report on Thursday said the poor performance is mainly attributed to construction, wholesale and retail trade as well as the fishing sector that recorded contraction in real value added of 51.9 percent, 8.2 percent and 9.8 percent, respectively.


"Weaker performance was also observed in sectors such as hotels and restaurants, public administration as well as electricity and water sector that registered declines in real value added of 3 percent, 2.3 percent and 1.1 percent Evgeny Kuznetsov Russia Jersey , respectively," Shimuhafeni added.


According to him, the health and financial intermediation sectors recorded slower growths of 0.3 percent and 0.9 percent in Q2 2017 compared to strong growths of 21.8 percent and 4.6 percent recorded in the corresponding