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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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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