Economy needs stimulus of up to P4bn

On Tuesday, analysts at leading economic consultancy, Econsult said the outbreak of the pandemic was having a major, negative impact on the global economy, and, with some lag, on the Botswana economy. Econsult forecasts that the economy in 2020 could shrink by four percent, compared to initial forecasts of up to four percent growth.

Government recently closed borders to neighbouring states and 18 other countries, while also closing bars, all learning institutions, limiting gatherings and clamping down on public transport, as a way of protecting Batswana against the coronavirus.