World Bank upgrades Botswana growth forecast

The latest forecasts are contained in the bank’s Global Economic Prospects report released on Wednesday. The World Bank’s researchers also revised upwards their estimates for Botswana’s 2017-2018 growth from four percent to 4.5%.

The latest revisions are, however, still below the finance ministry’s own forecasts as contained in the September Budget Strategy Paper. The ministry expects 2017-2018 growth at 4.7% and 2018 growth to reach 5.3%. World Bank researchers said growth in the sub-Saharan region would be powered by resurgent commodity prices during the year.