Economy growth steadies in lukewarm 2014

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.