IMF predicts 4.1% growth for Botswana in 2013

In the IMF's April 2012 edition of the World Economic Outlook (WEO) report released this week, the organisation said Botswana's economy would maintain a moderate average growth rate, which will stagnate at 4.1 percent in 2014.The IMF projection is however slightly lower than the average growth rate for the sub-Saharan region which is forecast to expand by 5.5 percent.

"Growth is projected to reach 5.5 percent in 2013, only marginally lower than forecast in the October 2012 WEO. The generally strong performance is based to a significant extent on ongoing investment in infrastructure and productive capacity, continuing robust consumption, and the activation_of new capacity in extractive sectors.  In 2014, regional economic growth is projected to be about 6 percent. A main driver of growth in 2014 will be the strengthening of activity in South Africa," reads the WEO report.