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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