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Markets News

Botswana's GDP to slow to 3.5% in 2019 - IMF

GABORONE, Nov 27 (Reuters) - Botswana’s economic growth will slow to about 3.5% in 2019 from 4.5% in 2018, before speeding up to around 4.2% in 2020 if the southern African nation can shake-off the effects of weak diamond exports and drought, the IMF said on Wednesday.

“The outlook is subject to significant downside risks, including a global rise in protectionism, a faster-than-anticipated slowdown in China and in the euro area, and continued slow growth in South Africa,” said the International Monetary Fund in a statement. (Reporting by Brian Benza Writing by Mfuneko Toyana Editing by Tim Cocks)

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