Prepare for double deep recession -World Bank

Economic pundits worldwide are predicting a high possibility of another recession, with the IMF warning that the global economy is "in a dangerous place" due to the deepening of Europe's sovereign debt crisis and/or the over-hasty attempts to reign in America's budget deficit.

Visiting World Bank and International Finance Corporation Vice President for Financial and Private Sector Development, Janamitra Devan, told a press conference in Gaborone this week that the expected second recession would be particularly hard hitting for emerging economies like Botswana by limiting their degree of "comfort and flexibility".