Botswana’s gross domestic product is forecast to have recorded growth of around 3.8% in 2012. This represents a fairly solid performance given the global economic picture, with the Euro Zone likely to contract and the US and UK probably seeing only marginal growth. Growth rates in Asia are still impressive at an anticipated 7.3%. A robust performance in Asia means strong demand for Africa’s mining produce which Botswana should be able to capitalise on. However, Botswana’s immediate neighbour South Africa is only expected to show growth of 2.6% and that figure may well be revised downwards in light of the turmoil seen across the border during the second half of the year.
Source : Knight Frank