Economy wobbles in bittersweet 2013

Finance Minister Kenneth Matambo
Finance Minister Kenneth Matambo

While economic pundits predict a marginally rosier 2014, constrained government spending, static personal incomes, weak aggregate demand, coupled with subdued global economic activity characterised Botswana's lethargic economy this year.

With all economic indicators painting a gloomy picture, in parallel with international trends, it was not all despair for the economy as milestone events such as the relocation of De Beers’ P50 billion sales business to Gaborone point to healthier prospects.

Announcing the 2013/14 budgets at the beginning of the year, Finance Minister Kenneth Matambo predicted the economy would grow by an optimistic 5.9 percent. But on the back of slower increase in output from both the mineral and non-mining sectors government has since cut down the forecast to 4.4 percent.

Editor's Comment
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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