IMF predicts stagnant economy in 2013

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.