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
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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