Botswana edges closer to recession

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Despite massive effects of the current global economic crisis on Botswana's diamonds, the country is not yet in recession but it is edging closer.

Speaking at the release of the Bank of Botswana's 2008 Annual Report, Head of Research, Andrew Motsumi, said that according to the latest figures from the Central Statistics Office (CSO), Botswana's GDP was at 2.9 percent in the last quarter of 2008, meaning that the country was still enjoying positive economic growth.

Technically a country can be said to be in recession when it goes through two financial quarters of negative growth.

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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