Business confidence recovers as economy rebounds

Moses Pelaelo's BoB released the survey results on Monday
Moses Pelaelo's BoB released the survey results on Monday

The level of optimism amongst businesses seems to be increasing as economic growth continues on the recovery path, Bank of Botswana’s (BoB) latest Business Expectations Survey shows.

According to the survey, optimism amongst businesses strengthened from a confidence level of 43% in last year’s second half to 48% for the current survey period, and is expected to rise further in the survey horizon for both domestic market-oriented firms and exporters.

The economy grew by 4.3% in 2016 up from a negative of 1.7% in 2015.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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