Botswana’s GDP shrinks for third consecutive quarter
Friday, January 10, 2025 | 950 Views |
Standing strong: The financial sector has consistently performed well, even resisting the COVID-19 impact in 2020 PIC: MORERI SEJAKGOMO
The Gross Domestic Product (GDP), which is an aggregate measure of the value of goods and services produced within the country, has been negative for three consecutive quarters in 2024, as Botswana’s economic mainstay sectors remained subdued.
Data from Statistics Botswana released recently, showed that the main sectors of economic activity struggled to stay afloat into the third quarter with most of them contracting due to subdued demand and weak economic activity.
“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...