Services sector anchors economic rebound

The 2.8% first quarter growth rate, which is equal to that of the same period last year, represents a recovery from the consecutive negative growth rates recorded in the third and fourth quarters of 2015.

Data released by Statistics Botswana (SB) this week shows that the growth in Real Gross Domestic Product (GDP) was attributed to real value added of trade, hotels and restaurants, finance and business services and transport and communications, which increased by 5.8, 5.2 and 4.6% respectively.