Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Outlook positive – with caveats

20 Jun 2024 - by -
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Botswana is expected to see economic growth rebound to 4% in 2024 as diamond sales pick up, according to the African Development Bank (Af DB). This follows a dip in real GDP growth to 2.7% in 2023, driven by declines in water and electricity production and a significant slowdown in the diamond trade.According to the Af DB’s latest African Economic Outlook report, these declines were due to drought conditions and weak global demand. On a positive note, average inf lation dropped to 5.3% last year, staying well within the Bank of Botswana’s acceptable range of three to 6%. In April this year, with inf lation expectations well anchored, the central bank maintained its monetary policy rate at 2.4% after reducing it by 25 basis points in December last year.While the outlook for Botswana remains relatively positive, thanks to its status as one of Africa's most stable countries with strong institutions and democratic governance, the Af DB has highlighted some downside risks. These include higher-than-expected inf lation due to supply chain disruptions amid rising geopolitical tensions, weaker diamond trade if demand stays low, El Niño-driven weather patterns, and the potential for continued weak economic conditions in South Africa.With 2024 being an election year for the country, S&P Global has also predicted a rebound in Botswana’s GDP growth. They estimate that real GDP growth dropped to 3.5% last year, down from 5.5% in 2022.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Botswana 21 June 2024

View PDF
Copper sector on growth path
20 Jun 2024
Outlook positive – with caveats
20 Jun 2024
Regional harmonisation critical
20 Jun 2024
Border upgrades strengthen appeal
20 Jun 2024
Volumes on TKC expected to continue rising
20 Jun 2024

FeatureClick to view

West Africa 13 June 2025

Border Beat

Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
Cross-border payments remain a hurdle – Masondo
30 May 2025
BMA steps in to help DG and FMCG cargo at Groblersbrug
21 May 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Sea and Air Import Controller DBN (Or Sea Imports)

Tiger Recruitment
Durban
12 Jun
New

Export Controller

Lee Botti & Associates
Cape Town
11 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us