Economic growth to continue at 6.2% - Standard Bank

Friday, September 30, 2011

The Botswana economy is expected to grow by about 6.2 percent for the rest of 2011, although there are high downside risks to the positive outlook, economists at the Standard Bank Group reckon.

In its September 2011 outlook for African markets, the banking group says strong export growth, particularly that of diamonds, will continue to boost the economy in 2011 as the country reaps the rewards of the surge in diamond prices, which are driven largely by Asian demand rather than the traditional US demand.

As a result, the economy's real GDP is expected to rise 6.2 percent this year before growing by 6.3 percent next year.

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