AfDB forecasts 3.8% growth for Botswana
Friday, April 26, 2019
The AfDB’s forecast, released this week, is the most conservative of the authoritative analyses usually released after the start of the financial year. The International Monetary Fund recently raised its forecast of local growth to 3.9 percent, while government whose own predictions are traditionally more optimistic, announced a 4.2 percent forecast in February.
In an indepth analysis of the broader Southern African region, the AfDB noted that while higher international mineral prices would bode well for Botswana, the country’s reliance on this exposure also heightened the threats to its economic outlook. “The heavy reliance on commodities continues to leave it (Botswana) vulnerable to international market fluctuations, pointing to the need to add more value to minerals and diversify the economic base,” AfDB researchers said. “Botswana thus has to target high-productivity sectors, reduce vulnerability to external shocks, and deliver a more inclusive, resilient, and job-creating economy.” The AfDB’s forecast comes as the Bank of Botswana doubles down on government’s official projection of 4.2 percent growth for 2019.
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...