GDP growth projected to slow down

Botswana's real GDP growth is forecast to soften from 12.5 percent in 2021 to 5.2 percent in 2022 as activities levels-out following an initial rebound.

These are the sentiments expressed by Absa Bank Botswana Managing Director, Keabetswe Pheko-Moshagane.

Speaking at the presentation of the bank’s financials recently, Moshagane said growth in 2022 will be underpinned by the recovery in key sectors such as mining as the effects of the pandemic recede and commodity prices rebound.

“The rise in diamond output will continue to be driven by additional investment in productive capacity and ...