IMF upgrades forecast for Botswana growth

Friday, September 23, 2011

Researchers at the IMF expect the Botswana economy to grow by 6.2 percent this year, an upward revision of the six percent forecast in April, BusinessWeek has learnt.

According to a September update of the IMF's authoritative World Economic Outlook (WEO), Botswana's GDP should grow by 6.2 percent this year, slowing to 5.3 percent in 2012. The forecast for 2012 is lower than the 6.6 percent projected by the April WEO.

The forecasts for 2011 and 2012 in the latest WEO, however, are both higher than the projected sub-Saharan averages of 5.2 and 5.8 percent for this and next year, respectively.

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IMF upgrades forecast for Botswana growth

Researchers at the IMF expect the Botswana economy to grow by 6.2 percent this year, an upward revision of the six percent forecast in April, BusinessWeek has learnt.