Economy grows at slowest pace since recession
Friday, April 10, 2015
According to the Gross Domestic Product (GDP) statistics, the 4.4 percent growth is less than half the revised growth rate of 9.3 percent registered in 2013. The country’s economic back bone, mining, slowed down sharply to register a growth rate of just 4.5 percent in 2014 from 23 percent the previous year. The water and electricity sector was the biggest drawback to the economy as the sector registered a negative growth of 18 percent in the year.
Since the economic recession of 2009, when growth stood at a negative 7.6 percent, the economy has grown by healthy percentages of 8.6 percent in 2010, 6 percent in 2011, and 4.8 percent in 2012
While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...