State of economic crunch to be revealed

Empty streets: The first lockdown is credited with stemming the initial onslaught of COVID-19 PIC: KENNEDY RAMOKONE
Empty streets: The first lockdown is credited with stemming the initial onslaught of COVID-19 PIC: KENNEDY RAMOKONE

Statistics Botswana is scheduled to unveil Gross Domestic Product (GDP) figures for 2020 on March 31, revealing the official depth of the hole the local economy has climb out from due to (the coronavirus) COVID-19, BusinessWeek has established.

Statistics Botswana will release the fourth quarter GDP figures next week, which will in turn show the full year economic performance.

Ahead of the official figures, forecasts by different authorities indicate the economy will be shown to have contracted by between 7.7 percent and 8.9 percent in 2020. Should the March 31 figures indicate an 8.9 percent fall, the economy will have recorded its worst contraction in history on an annual basis, higher than the -7.7 percent seen in 2009 during the global recession.

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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