Power woes to restrict growth to under 5%

The electricity and water sub sector was the only economic sector to record negative growth in 2013
The electricity and water sub sector was the only economic sector to record negative growth in 2013

Economic growth is likely to be restricted to under five percent in 2014. This is in part due to the prevailing water and electricity shortages that have disrupted production across all economic sectors, analysts reckon.

Powered by a rebound in diamond production, the economy beat analyst’s expectations to grow by an impressive 5.9 percent in 2013 reversing a three-year streak in which the economy grew at a slowing rate.

In 2010, the economy grew by 8.6 percent but slowed down to a growth rate of 6.2 percent the next year before further declining to 4.3 percent in 2012. However results of a brief survey by the Business Week point to a lower economic growth rate forecast for 2014 as ongoing power and water could curtail economic activity.

Editor's Comment
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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