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Growth now expected near zero, deficit set to widen

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The Finance ministry now expects the economy to either experience zero growth or contract this year, whilst the forecast P22 billion deficit will widen, as the recovery from a two-year slowdown diamonds has grown uncertain due to US trade tariffs, BusinessWeek has learnt.

The latest forecast comes as Finance ministry technocrats prepare the country’s inaugural mid-term budget, which will provide a half-year revision of the estimates provided in the February budget.

In a week in which the country was shaken by more revelations of the dire hand-to-mouth state of public finances, Finance ministry officials announced that the local economy was facing the possibility of the first ever double recession since Independence in 1966.

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Growth now expected near zero, deficit set to widen

The Finance ministry now expects the economy to either experience zero growth or contract this year, whilst the forecast P22 billion deficit will widen, as the recovery from a two-year slowdown diamonds has grown uncertain due to US trade tariffs, BusinessWeek has learnt.

A promising step for public schools, but...

Does the left hand know what the right hand is doing at BFA?

New public co. to transform school infrastructure

Parly rejects motion on judicial officers' 'security unit'

Keorapetse rules on Moswaane's exaggerated counterfeit medicines claims

Small stock theft hits Serowe

Woman torches boyfriend's house after finding another woman

Dog found feeding on foetal remains in Nkoyaphiri

A promising step for public schools, but...