Botswana’s economy is expected to recover this year, with growth projected at 8.3%, driven by improvements in the global demand for diamonds, the easing of restrictions on mobility and the expansionary fiscal stance. The recovery is expected to be uneven across sectors, depending on improvements in both the domestic and external environment, while its current account and fiscal deficits are projected to narrow, reflecting the expected improvement in the global demand for diamonds, phasing out of the one-off Covid-related spending, and implementation of revenue enhancing and expenditure consolidation measures.
