Analysts cast down NDP11 growth forecasts

In a economic review report titled Africa Markets Revealed, the economic experts say they see Botswana’s economy growing by no more than four percent during NDP11, while revenues will likely come lower than the estimates leading to either increased borrowings or a rise in drawing down on savings.

“Compared to a realised average growth rate of 5.3 percent under the 2010-2016 growth plan (NDP10), when the economy was still relatively buoyant, we are not that optimistic on the growth outlook for the next six years, and see GDP growth averaging no more than four percent year on year, with downside risks.