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BoB expects economy to miss 4.2% growth projection

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The Bank of Botswana says the economy is unlikely to grow by the 4.2% forecast by government earlier in the year, due largely to the underperformance of the mining sector in the first half of the year.

Growth narrowed to 2.7% last year from 5.5% in 2022, due largely to a downturn in diamond mining in the second half of 2023, as global uncertainties and market issues dampened the retail market.

During a briefing on Tuesday, the Bank’s director of research and financial stability, Innocent Molalapata, told BusinessWeek that the economy’s performance in the first half of the year was an indication that the 4.2% growth forecast would likely be missed.

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BoB expects economy to miss 4.2% growth projection

The Bank of Botswana says the economy is unlikely to grow by the 4.2% forecast by government earlier in the year, due largely to the underperformance of the mining sector in the first half of the year.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred