Experts query Matambo�s growth projections

Botlhale
Botlhale

While the Finance minister Kenneth Matambo is optimistic that the domestic economy’s growth rate will almost double this year to 4.2%, a section of market analysts have turned a little skeptical about such projections.

Among the factors that they highlighted as the weakness afflicting the country’s economy, are the weaker commodity prices and uncertainties regarding the global economy.

A public finance expert at the University of Botswana (UB), Emmanuel Botlhale said global economic outlook is not inspiring.

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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