Flagging economy needs robust credit growth

BoB govenor Linah Mohohlo
BoB govenor Linah Mohohlo

The recently announced lower than forecast 2014 economic growth figures will likely induce the Bank of Botswana (BoB) to maintain an expansionary monetary policy to spur economic activity, analysts reckon.

Last week, Statistics Botswana announced that Gross Domestic Product (GDP) grew by 4.4 percent in 2014, the lowest growth rate recorded in the post 2009-recession period.

Government had estimated an economic growth rate of 5.2 percent in 2014, while the International Monetary Fund (IMF) had forecast a GDP growth rate of 4.9 percent in the year.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up