Still in the tunnel: Is there light?

Those who enjoy numbers will turn over every digit of the recently released Gross Domestic Product (GDP) figures for the second quarter, analysing the trends, making projections and forming opinions.

The figures were eagerly anticipated as the country is in the midst of a protracted downturn of its primary economic commodity – diamonds. The International Monetary Fund now expects the economy to grow by just one percent this year, while the Finance Ministry is due to reduce its original projection of 4.2 percent growth this year when it releases its Budget Strategy Paper this month.