Economy grows at slowest pace since recession

Ndzinge
Ndzinge

The economy grew at 4.4 percent in 2014, the lowest growth rate recorded since the economic recession of 2009, figures released by Statistics Botswana (SB) this week show.

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

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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