Mmegi

World Bank predicts rebound for Botswana’s economy in 2026

Balancing act: Gaolathe is due to present the budget next month
Balancing act: Gaolathe is due to present the budget next month

The World Bank expects a 2.3 percent economic rebound for Botswana’s economy this year, with growth expected to be spurred by fiscal consolidation and a rebound in mineral revenues.

The growth projections follow a three percent decline in economic activity in 2024, which is likely to be followed by another 0.9 percent contraction, according to Finance ministry figures.

The World Bank’s latest Global Economic Prospects report, published recently, showed that despite headwinds, researchers see the local economy making its way back to positive output with growth for 2026 now seen at 2.3 percent, which would mark a rebound in positive activity for an economy that has been severely hit by low mineral revenues and eroded fiscal buffers.

Editor's Comment
Public servants deserve better than union infighting

‘The strongest bond of human sympathy outside the family relation should be one uniting working people of all nations and tongues and kindreds’.- Abraham LincolnUntil then, the Council’s operations remain suspended, delaying critical decisions affecting thousands of public sector employees.The current standoff is between the Manual Workers Union on one side and the Six Cooperating Trade Unions, namely BONU, BOPEU, BTU, BDU, BOSETU and...

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