IMF shaves Botswana’s economic growth estimate

Friday, April 22, 2022 | 3210 Views |

Uncertain times: De Beers has adopted a “cautious and watchful” attitude to its second quarter performance due to the war in Ukraine. While Botswana could potentially benefit from sanctions on Russia’s diamonds, lower global growth as a result of the war could dampen consumer appetite for the precious stones PIC: MORERI SEJAKGOMO

The International Monetary Fund (IMF) now expects the local economy to grow by 4.3 percent this year, down from a projection of 4.7 percent, amidst warnings that global growth will be hampered by Russia’s invasion of Ukraine.

The latest projections are contained in the IMF’s World Economic Outlook (WEO) released on Tuesday and follow from the October WEO. The IMF’s latest forecast is the same level that the Finance and Economic Development ministry projected in February during the Budget Speech.

While IMF analysts did not provide details on the revision for Botswana, the WEO indicates that the global economy will come under pressure from the impact of the Ukraine war as well as COVID-19 lockdowns in China.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Palapye landowners urged to peruse draft valuation roll

Johannes Kambai | 2d ago

More accused persons expected in Salakae case

Larona Makhaiza | 2d ago

When art rises from adversity

Goitsemodimo Kaelo | 2d ago

Local creatives make the case for new economy

Laone Choeunyane | 2d ago

Glaring weakness but early signs Alonso’s Chelsea should be fun

The Guardian* | 2d ago

Motocross team to go flat out in Namibia

Kabelo Boranabi | 2d ago

Glory, grit and the unknown

Kabelo Boranabi | 2d ago

League to start this weekend – Showa

Mqondisi Dube | 2d ago

Gov’t needs to give health care urgency it requires

The Member of Parliament is warning that patients suffering from chronic conditions continue to face potentially life-threatening interruptions to their treatment because of unreliable access to medicines.Amid the shortages, many Batswana have been left with no choice but to look for other treatment alternatives such as herbs, with many not having had been scientifically tested for effectiveness.Medications for hypertension, diabetes, heart...

The Monitor Editor | 25 August 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

IMF shaves Botswana’s economic growth estimate

The International Monetary Fund (IMF) now expects the local economy to grow by 4.3 percent this year, down from a projection of 4.7 percent, amidst warnings that global growth will be hampered by Russia’s invasion of Ukraine.