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Inside the bittersweet “record” economic growth figures

Friday, June 03, 2022 | 1530 Views |

Days of our lives: Fuel prices have increased by more than 40% on average in the last 24 months

The local economy’s robust rebound of 11.4% last year, the highest annual expansion since 1989, is not being felt in the streets where ordinary Batswana are battling to make ends meet. Economists unpack why the growth numbers are both important but little felt by the majority. Staff Writer, MBONGENI MGUNI reports

Cynics of economic growth figures frequently cite the quote made famous by US literary legend Mark Twain: “'There are three kinds of lies: lies, damned lies, and statistics”.

When Statistics Botswana recently announced that the local economy had expanded by 11.4% last year, the fastest growth since 1989, many cynics felt the data agency was either fiddling with the numbers or conveniently ignoring the troubles ordinary Batswana have been experiencing in recent years.

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Inside the bittersweet “record” economic growth figures

Search continues for Maun boy feared to have been taken by a crocodile

Inimba Gets the Nod for Season 2 on Mzansi Magic

Peace conference addresses growing list of social ills

GAYO Botswana and BA ISAGO University Forge Major Partnership to Advance Climate Education and Youth Leadership

Pastor accused of defiling Teen during counselling session

FIFA World Cup draw – The countdown begins!

DIS Director's daughter rape case stalls

Main Mall’s resilience, sturdiness in the face of stiff competition

Depression is real; let's take care of our mental health