Econsult paints gloomy economic picture

Economic consultancy firm, Econsult Botswana says there is an increasingly negative mood in the country with regard to economic prospects and a lack of confidence in the business community.

The firm stated in its economic review of the third quarter of 2015 that the situation goes deeper than the current depression in commodity markets.

According to Econsult, this reflects a number of longer-term problems such as unreliable supply of water and electricity.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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