The three major economic issues awaiting Masisi

Mountains to climb: Masisi
Mountains to climb: Masisi

As we move into 2018, economic prospects for the year remain mixed, reflecting both international economic uncertainty as well as domestic issues. Economic growth for the year should be reasonable given the likelihood of increased diamond production, as long as the international market remains stable.

However, as is well known in Botswana, diamond mining creates relatively fewer jobs directly, and the challenge remains to support other economic activities, notably those producing exports of goods and services, which is the only sustainable source of long-term job creation.

Rising international fuel prices will put upward pressure on inflation, but we do not expect this to be serious enough to require an increase in interest rates. Global economic growth is picking up, with the IMF forecasting growth of 3.9% in 2018 and 2019, the highest for several years, which will generally provide a positive environment for exports.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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