Economy undergoes structural shift
Friday, October 17, 2014
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According to prominent economist Keith Jefferies, the Botswana economy has now reached a relatively diversified position in terms of GDP but diamonds still precariously dominate exports.
Latest statistics show that the economy is now diversified in production terms with mining’s contribution to GDP having fallen to 26 percent from over 50 percent twenty years ago.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...