Firms more optimistic in Q3, BoB survey finds :: Mmegi Online

Local firms interviewed in the third quarter of the year, were increasingly optimistic about business conditions, despite concerns about tight credit access, the Bank of Botswana's (BoB) latest business confidence survey shows.

The latest edition of the BoB quarterly Business Expectations Survey (BES) indicates that confidence amongst firms has continued to improve compared to the previous survey that was done in the second quarter of this year.

The survey highlighted that all sectors except construction and real estate, are optimistic about the fourth quarter of 2023 and the year ending September 2024. This optimism appears to be based on support from government interventions to support economic activity, including through continued implementation of the Economic Recovery and Transformation Plan (ERTP) and the potentially expansionary two-year Transitional National Development Plan (TNDP).

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