IMF cuts Botswana growth forecast

Services, particularly trade, hotels and restaurants are helping drive the economy
Services, particularly trade, hotels and restaurants are helping drive the economy

The International Monetary Fund (IMF) has reduced its forecast economic growth for Botswana this year to 3.5 percent from 3.9 percent, citing the subdued outlook for commodity prices and the impact of global trade tensions.

The IMF’s downward revision flies in the face of government’s own positive expectations for 2019 growth, as seen in a recent upward adjustment of the outlook from 4.2 percent to 4.3 percent.

Government said the higher output would be led by non-mining, specifically the services sector while ongoing structural reforms such as improving the ease of doing business would support the growth.

Editor's Comment
Our queen: Bring home the crown

Well-wishers gathered at the Sir Seretse Khama International Airport to bid our queen farewell and wish her success as she joins other beauties from around the globe for the coveted crown. Competing in such events is nerve-wracking, and one needs to be fully prepared to stand a chance of making it as a finalist.It is not just about physical fitness; mental state matters too. Unfortunately, sometimes our queens end up facing such fierce...

Have a Story? Send Us a tip
arrow up