Will Botswana catch SA's cold?

Friday, March 06, 2020

Heading out: South Africa is Botswanau00e2u20acu2122s biggest trading partner PIC: MBONGENI MGUNI

The local economy is expected to enter a tricky period after regional powerhouse, South Africa, announced it was in a technical recession on Tuesday.

Statistics SA, that country’s data agency, released figures this week showing South Africa’s economy shrank by 1.4 percent in the fourth quarter of 2019 after a 0.8% reduction in the third quarter.

By Stats SA definitions, a recession is said to have taken place when the economy experiences negative growth over two successive quarters.

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Will Botswana catch SA's cold?

The local economy is expected to enter a tricky period after regional powerhouse, South Africa, announced it was in a technical recession on Tuesday.