IMF upbeat on Botswana growth prospects :: Mmegi Online

The International Monetary Fund (IMF) expects the local economy to grow by 4.7 percent this year, an estimate even higher than government’s own projection of 3.6 percent, BusinessWeek has established.

The World Economic Outlook, published recently as part of the IMF’s Spring Meetings in Washington DC, indicates that the institution is optimistic about the country’s outlook, despite the recent contractionary trend in the economy.

IMF researchers expect that the economy will expand by 4.7 percent this year, the second strongest performance in the region after Zimbabwe’s projected five percent. By comparison, Zambia is expected to grow by 4.3 percent, Eswatini four percent, Namibia 2.4 percent, Lesotho 1.1 percent and South Africa one percent. Mozambique is expected to lag the region with forecast growth of 0.5 percent.

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IMF upbeat on Botswana growth prospects

The International Monetary Fund (IMF) expects the local economy to grow by 4.7 percent this year, an estimate even higher than government’s own projection of 3.6 percent, BusinessWeek has established.

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