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Covid stain remains on economy despite rebound

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

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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