Analysts predict subdued growth

Friday, January 28, 2011

Although a return to sustainable pre-crisis growth rates is still far from sight, Standard Chartered Bank says the economy will grow by 4.9 percent this year before expanding a further 5.4 percent in 2012, largely on the back of improving mining activity.

The forecast is slightly lower than that of the World Bank, which expects Botswana's economy to grow by 6.5 percent this year, representing an upward revision from the 5.5 percent the institute's researchers projected last June.

According to the report making these predictions, which also forecast a 3.2 percent GDP growth for 2013, Botswana's non-mining sector's continued over-reliance on government spending will curtail the rate of recovery.

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