The persistent challenging economic conditions worldwide, compounded bypolitical unrest in the Middle East and other parts of the world, have continued to present a difficult working environment formany of our member firms. These challenges were compounded by natural disasters, including severe flooding in Australia, Thailand and other parts of the world and the terrible tsunami inJapan, as well as the destructive New Zealand earthquake, which caused damage to our member firm’s offices.

BDO Annual Report 2011.pdf

"In Namibia, unlike most developed countries, the financial system remained relatively stable in the wake of the global economic crisis, which has created tension in markets worldwide since 2008. Namibia’s economy improved slightly in 2010 with real GDP expanding at 4,6 %."

BDO NAmibia 2010 Annual Report