IMF expects 7.5% rebound for Botswana

Friday, April 09, 2021

Strange times: The Gaborone Bus Rank during last yearu00e2u20acu2122s lockdown. The measures to fight COVID-19 hit the economy hard PIC: THALEFANG CHARLES

The International Monetary Fund (IMF) expects the local economy to rebound by 7.5 percent this year, a forecast lower than the government’s own predictions of 8.8 percent growth.

According to figures released recently, the local economy contracted by 7.9 percent in 2020 owing to the impact of COVID-19 across all sectors.

The IMF had forecast a contraction of 8.3 percent for 2020.

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