IMF slashes Botswana growth forecast

Last October the IMF forecasted growth in Botswana to pick up slightly to 4.4 percent in 2014 supported by the base effect of increased electricity production and a recovery in the mining sector. The Fund supposed that it would subsequently stabilise at around four percent.But in the World Economic Outlook (WEO) report released this week, the IMF said that Botswana’s economy is seen growing at 4.1 percent this year before rising to 4.4 percent in 2015.