Botswana growth forecast revised

"GDP growth in 2009 has not been as catastrophic for the economy as once had been anticipated. Indeed, with the economy having contracted less than previously envisaged in 2009 and given a rebound in exports, we are anticipating relatively robust growth in 2010," BMI said in its recently published Botswana 2010 Business Forecast Report.

Following 450 bases points (bps) of interest rate cuts starting in November 2008, the Bank of Botswana (BoB) ended its easing cycle in August 2009.