Economic recession looms

Debswana is cutting output on softer demand for rough diamonds
Debswana is cutting output on softer demand for rough diamonds

An expected fall in diamond production in the fourth quarter of 2015 is likely to pull the economy into recession after Gross Domestic Product (GDP) softened by 3.5 percent in the third quarter of last year.

Technically, an economy falls into a recession after two consecutive quarters of negative growth.

Latest data recently released by Statistics Botswana (SB) shows that real GDP (year on year) decreased by 3.5 percent in the third quarter of 2015 compared to an increase of 4.0 percent accrued in the same quarter in 2014.

Editor's Comment
Let us all go to vote

Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...

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