Absa predicts bleak 2024 for Botswana’s economy
Monday, January 29, 2024 | 760 Views |
Absa Southern African economist, Ridle Marcus, last week revealed that inside forecast point to a tough year for Botswana’s economy with the main pressures coming from inflation facing commodities and a steep diamond price crunch.
“The World Bank this year revised forecasts for economic growth from three percent to 2.4 percent for this year and this forecast cut signalled lack of confidence in Botswana’s ability to withstand forecasted pressures especially in the commodities market and diamond price uncertainties,” he told the bank’s economic forum on Thursday.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...