Sluggish mining retards economic growth

Friday, October 03, 2014

The rise in power generation at Morupule B helped moderate the effects of the mining sector slump on GDP

A fall in production in the mining sector slowed down the economic growth rate in the second quarter of the year, figures released this week by Statistics Botswana show.

On a year-on-year basis, SB announced that Gross Domestic Product (GDP) growth was at 4.5 percent in the second quarter of 2014 from 7.3 percent in the same quarter of last year. The economy grew by 5.2 percent in the first quarter of this year.

According to SB, the largest contributor to a slower economic growth rate was a fall in mining output, predominantly diamond and copper.

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Sluggish mining retards economic growth

A fall in production in the mining sector slowed down the economic growth rate in the second quarter of the year, figures released this week by Statistics Botswana show.