IMF predicts lukewarm economy in 2013
Friday, October 11, 2013
![Finance Minister Kenneth Matambo](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2013/october/11/phpD648.tmp.jpg&w=400&q=72&f=jpg)
Finance Minister Kenneth Matambo
In the World Economic Outlook (WEO) report released this week, the IMF says it sees the local economy growing at a steady rate again next year before growth picks up slightly to 4.4 percent in 2015 supported by the base effect of increased electricity production and a recovery in the mining sector.
The economy is expected to subsequently stabilise at around 4 percent thereafter. The IMF predictions follow this week's publication of strong second quarter Gross Domestic Product (GDP) figures by Statistics Botswana, in which a robust recovery in diamond production saw the country recording the highest quarterly economic growth figures in almost three years.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...