Botswana economy grows 7.2%
Botswana's economy grew by 7,2 per cent in
2010 after shrinking 4,9 per cent the year before, data from the Central
Statistics Office showed.
main drivers to the increase was mining, trade hotels and restaurants
and the contractors in the construction industry," the statistics agency
said on its website.
Bank of Botswana last month left its bank rate unchanged at 9,5 per
cent, saying the domestic and external economic outlook, as well as the
inflation forecast, suggested maintaining the prevailing level was
consistent with bringing inflation into a three to six per cent target
statistics office said earlier this month inflation in the world's
largest diamond producer quickened to 8,5 per cent year-on-year in
February from 7,9 per cent in January. Diamonds account for about 40 per
cent of the southern African country's GDP.