IMF predicts stagnant economy in 2013

IMF Chief Lagarde
IMF Chief Lagarde

The International Monetary Fund (IMF) predicts that the Botswana economy will grow by 3.9 percent this year. The forecast is marginally above the 3.7 percent recorded in 2012, with strong non-mineral activity compensating for the expected weakness in the mining sector.

In the World Economic Outlook (WEO) report released this week, the IMF says it  sees the local economy growing at a steady rate again next year before growth picks up slightly to 4.4 percent in 2015 supported by the base effect of increased electricity production and a recovery in the mining sector.

The economy is expected to subsequently stabilise at around 4 percent thereafter. The IMF predictions follow this week's publication of strong second quarter Gross Domestic Product (GDP) figures by Statistics Botswana, in which a robust recovery in diamond production saw the country recording the highest quarterly economic growth figures in almost three years.

Editor's Comment
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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