Botswana’s economy has emerged from two years of recession, but economists warn the recovery will remain fragile unless government accelerates long-delayed reforms, reduces borrowing and tackles the country’s heavy dependence on diamonds.
The latest Econsult Botswana Review says the economy is sending “mixed signals”, with GDP returning to positive territory while inflation, weak diamond exports and high borrowing costs continue to weigh on businesses and households. “The Botswana economy continues to send mixed signals,” economist Keith Jefferis writes in the quarterly review.
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