BFM Economic Review report shows that the third quarter of 2010 marked a continuation of the recovery from the global economic crisis of 2008-09. Recovery in Botswana’s most important industry – diamond mining – has been stronger than earlier expectations, with the global diamond market increasingly robust. This has had a positive impact on the trade balance and the government budget, and has helped to stabilise some of the adverse macroeconomic developments that were in full swing a year ago.
But in many respects, economic conditions remain challenging and far from the “pre-crisis normal”. The priority is now changing to adjustment, and dealing with the structural challenges that need to be addressed to ensure sustainable growth. Click here to read the full report.