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1 dzień temu · For Botswana, the International Monetary Fund projects domestic economic growth of one percent for 2024, down from 2.7 percent in 2023. This decline is partly due to the diamond industry’s struggles, driven by weak global demand and high inventory levels. Although he confirmed the country is in a technical recession [two consecutive quarters ...
17 paź 2024 · Botswana continues to face structural challenges, slow growth, and the lingering impacts of global and climate-related shocks. The unemployment rate—one of the leading causes of poverty and inequality in Botswana—increased from 18.9% to 23.6% between 2015 and 2023.
7 lis 2024 · GABORONE, Nov. 7 (Xinhua) -- Botswana's economy is technically in recession, as the southern African country's diamond sector is faltering on the global market, an official said on Thursday.
1 lis 2024 · Botswana has long relied on diamonds to fuel its economy, but the industry is faltering. Now, voters have rejected the ruling party for the first time in six decades.
21 sty 2023 · Botswana staved off the threat of recession in the third quarter of 2022 with a modest growth in the Gross Domestic Product (GDP) but the economy remained in choppy waters as high inflation driven by high fuel prices persisted throughout that year, data from Statistics Botswana (SB) shows.
13 lis 2023 · Currently, the Botswana economy has been embroiled in recessionary fears with the country’s principal export, diamonds, facing global price downturns due to a subdued diamond market. The value of diamonds sold by Debswana in the first nine months of the year slowed to P37.1 billion, from P43.2 billion over the same period last year, as ...
Botswana Economic Outlook. Recent macroeconomic and financial developments. Real GDP growth shrank to 2.7% in 2023 as water and electricity production declined and the diamond trade slowed. The declines reflected drought conditions and weak global diamond demand.
