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Covid stain remains on economy despite rebound

Friday, July 15, 2022 | 150 Views |

Desperate days: The COVID-19 restrictions resulted in record economic contraction in 2020 PIC: PHATSIMO KAPENG

The local economy is yet to fully get out from under the impact of COVID-19, with most sectors performing below their pre-pandemic levels despite the robust rebound recorded recently, BusinessWeek has established.

Real Gross Domestic Product (GDP) increased by seven percent year-on-year in the first quarter of the year, compared to one percent over the same period last year, according to data released recently by Statistics Botswana.

The growth came after a strong rebound of 11.4% in the economy in 2021.

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Covid stain remains on economy despite rebound

The local economy is yet to fully get out from under the impact of COVID-19, with most sectors performing below their pre-pandemic levels despite the robust rebound recorded recently, BusinessWeek has established.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!