Botswana jumps out of recession
source: Mmegi
BRIAN BENZA
Staff Writer
Botswana’s economy has technically bounced back out of the recession largely pulled up by recovery in production in the mining sector.
The Central Statistics Office yesterday announced that Real Gross Domestic Product (GDP) increased by 1.3 percent in June 2009, the same rate as that observed in June 2008.GDP is a primary health indicator of an economy that shows the total market value of goods and services produced in a country in a year.
Following the slipping of the economy into recession in March, figures from the CSO show that quarterly real GDP increased from P6.181 billion in June 2008 to P6.260 billion in June 2009, representing a 1.3 percent increase.On a [continue reading]
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