Heads up for a better economy

Namibia’s graduate professionals remain extremely confident about their reasons for staying in the country, partly reflected by their optimism in the local economy. However, this optimism doesn’t extend beyond the borders, with many concerned about the state of the global economy.
This is according to the results of the latest PPS Namibia Graduate Professional Confidence Index (PCI), which tracks the confidence levels of approximately 100 of Namibia’s graduate professionals. The index showed a confidence level of 87% on the issue of whether respondents expect to remain in the country for the foreseeable future.
“This result is incredibly positive when compared to the South African version of the PCI which recorded a confidence level of 75% for the same quarter and declined by eight percentage points year-on-year,” says Adri Vermeulen, Chief Executive of PPS Namibia.
The index also recorded a three percentage point increase to 76% from the previous three months, on confidence in the economic outlook for Namibia over the next twelve months. However, confidence regarding whether the worst of the economic turmoil is over, reached a record low of 54%.