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.

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Our hopes are on you!

The elections had two teams namely: Team Reshaping MISA and Team Integrity. All Team reshaping MISA member won except for one candidate for the Secretary post. One can say it was a long road to the elections, looking at the fact that it took four years for the elections to be held. MISA board elections are supposed to be held every two years, but they could not be held in time due to the outbreak of the COVID-19 pandemic, which affected many...

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