IMF cuts Botswana growth forecast

Services, particularly trade, hotels and restaurants are helping drive the economy
Services, particularly trade, hotels and restaurants are helping drive the economy

The International Monetary Fund (IMF) has reduced its forecast economic growth for Botswana this year to 3.5 percent from 3.9 percent, citing the subdued outlook for commodity prices and the impact of global trade tensions.

The IMF’s downward revision flies in the face of government’s own positive expectations for 2019 growth, as seen in a recent upward adjustment of the outlook from 4.2 percent to 4.3 percent.

Government said the higher output would be led by non-mining, specifically the services sector while ongoing structural reforms such as improving the ease of doing business would support the growth.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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