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Botswana: Botswana Economy Profile

2012/02/23

Botswana 10 Pula 2007

 

Business outline for Botswana

Economic Overview

The government’s fiscal stimulus package and the Central Bank’s accommodative monetary policy will likely increase credit growth, employment and economic growth. FocusEconomics panelists see the economy expanding 3.3% this year, which is unchanged from last month's projection. Next year, the panel sees GDP growth accelerating to 4.0%.

The Botswanan economy recorded a promising growth rate in the first quarter of 2016. Activity in the key mining sector remains subdued, however the comprehensive Economic Stimulus Programme (ESP) launched by the government early this year is boosting the economy. In the political arena, the opposition Botswana Congress Party (BCP) opposed the amendments made by the Independent Electoral Commission (ICE) to the electoral law—which consisted in a tenfold increase of the fees paid by candidates, the cancellation of the supplementary registration and the introduction of electronic voting. The BCP’s main concern was regarding the increment of the fees, which the organization sees as having the potential to exclude potential candidates.

 

Table 1: Macroeconomic indicators