IMF trims forecast for Botswana economy :: Mmegi Online

The International Monetary Fund (IMF) expects the local economy to grow by 3.7 percent this year, a lukewarm level which is also below the four percent projection the institution made last October.

The forecast is contained in the latest edition of the IMF’s World Economic Outlook (WEO), which contains updates of the institution’s projections from the October edition.

The IMF’s latest forecast for Botswana in the 2023–2024 fiscal year is slightly above the average of 3.6 percent expected for sub-Saharan Africa and comfortably ahead of both the averages for SADC and the Southern African Customs Union. In the Southern Africa region, the IMF’s forecast for Botswana’s growth in 2023–2024 is the fourth highest after Mozambique, Mauritius, and Zambia. By comparison, South Africa is expected to grow by 0.1 percent, while other neighbours such as Namibia and Zimbabwe will expand by 2.8 percent and 2.5 percent respectively.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

IMF trims forecast for Botswana economy

The International Monetary Fund (IMF) expects the local economy to grow by 3.7 percent this year, a lukewarm level which is also below the four percent projection the institution made last October.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully