The Ts and Cs in IMF’s rosy forecast for Botswana

The IMF has projected that the local economy will grow by 9.2 percent this year, while government expects a 9.7 percent expansion. While both figures are significant, analysts have explained that the levels of the forecasts are technical and related to the depth of the drop last year, rather than explosive growth this year.

The economy shrank by 8.5 percent last year, with nearly all sectors experiencing deep contraction due to the interventions done by government to contain COVID-19.