Economy growth steadies in lukewarm 2014

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Economic growth looks set to end the year in line with experts’ projections, in a humdrum year characterised by a tepid non-mining private sector and weaker real personal incomes and restrained government spending.

According to figures presented by Statistics Botswana, the economy grew by 5.8 percent and 5.2 percent in the first and second quarter respectively, with analysts forecasting a year-end growth of around 5%.

While the IMF and other pundits forecast an economic growth rate of just under 5%, Ministry of Finance officials project the domestic economy to grow moderately by 5.2 percent in 2014 and a further 5.0 percent in 2015, underpinned an expected recovery in diamond production.

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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