Economic recession looms

Debswana is cutting output on softer demand for rough diamonds
Debswana is cutting output on softer demand for rough diamonds

An expected fall in diamond production in the fourth quarter of 2015 is likely to pull the economy into recession after Gross Domestic Product (GDP) softened by 3.5 percent in the third quarter of last year.

Technically, an economy falls into a recession after two consecutive quarters of negative growth.

Latest data recently released by Statistics Botswana (SB) shows that real GDP (year on year) decreased by 3.5 percent in the third quarter of 2015 compared to an increase of 4.0 percent accrued in the same quarter in 2014.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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