IMF upholds 4.4% Bots growth forecast

In its latest World Economic Outlook (WEO) report released on Wednesday, the Fund said the Botswana economy would grow by 4.4 percent before the growth rate slows to 4.2 percent in 2015.

After the economy grew at a faster than expected rate in 2013, at about six percent, the IMF stated that real GDP growth is expected to moderate to 4.4 percent in 2014. The slowdown in diamond recovery and continued problems in electricity production and water supply will likely soften the pace of economic activity.