The latest figures released by Statistics Botswana (SB) show that Gross Domestic Product (GDP) declined by 24 percent during the second quarter of the year.
According to the numbers, real GDP between April and June was P18.8 billion, compared to the revised P25.1 billion recorded in the first quarter of 2020.
Giving further perspective to the worrying drop, over the corresponding three-month period last year, Botswana’s GDP went up by 3 percent.
The reduction was consistent across most sectors, with only Government, Agriculture and Water and Electricity posting positive results.
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