Last October, the IMF’s eagerly anticipated report, the World Economic Outlook (WEO) projected the local economy would expand by 4.7 percent this year, before cutting this to 4.3 percent in April due to the effects of Russia’s invasion of Ukraine.
The figures for Botswana contained in the WEO update released on Tuesday are marginally lower than the 4.2 percent government expects for 2022–23. The Finance ministry had originally expected 4.3 percent growth but revised this last month citing downside risks such as a prolonged Ukraine war and global slowdown due to spiralling inflation and interest rates.
