10% GDP growth expected in 2010-Analysts

source: Mmegi
Staff Writer

Economic performance will be improved in 2010 with Gross Domestic Project (GDP) showing positive growth of approximately 10 percent, analysts reckon.

Renowned economist and E-consult managing director Keith Jefferis says that as the economic climate warms up, this year will see a marked change from 2009, although fiscal sustainability and keeping spending under control will again be one of the major challenges facing the country.

Jefferis believes that the 10 percent or more growth in GDP will be mainly driven by the recovery of the mining sector, bearing in mind that diamond production was cut sharply in 2009 causing negative growth last year.

“The fact that the diamond mines should operate at 80 percent capacity or more through 2010 will lead to higher output and [continue reading]

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