GDP growth expected to be mild – analysts
source: Sunday Standard
by KABO MOKGOABONE
Despite the negative GDP numbers for the second quarter of the year, Botswana economy is not likely to go back to recession, but its growth is expected to be mild, analysts said.
The local economy contracted by 8.4 percent q/q during Q2/2010, reversing the 4.1 percent q/q growth achieved in Q1/2010 sending shock waves across the economy that it might take longer experience double dip.
However, the contraction is not surprising according to a local economist.
Gaotlhogwe Motlaleng, University of Botswana (UB) macroeconomist said it was not surprising that the GDP contracted in the second quarter looking at [continue reading]