Botswana`s economy taking a nose-dive

source: Standay Standard
13.12.2008 3:44:37 P

Government Enclave and its senior advisors were this week confessing to the old truth that they were told by the media over the last 12 months about the global economic down-turn on the fortunes of the country.

The move followed a series of meetings in the northern parts of the country in the last three weeks where four cabinet ministers were consulting with the residents, trade unions, employment bureaus and mining houses about the global impact of the financial crisis on the area.

“The financial crisis has now started to impact negatively on the real economy. The lack of available credit and long term investment funds has slowed down growth in consumer spending, reduced employment incomes, as well as causing capital losses on [continue reading]

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