Country Economic Forecasts - Botswana
The economy expanded by 4.6% y-o-y in the first three quarters of 2018 on the back of strong non-mining activity. We have cut our estimate for real GDP growth in 2018 to 4.3% (from 4.5% previously) owing to a somewhat weaker-than-expected GDP outcome for Q3 and our assumption that growth will slow substantially in Q4 2018 (on an annual basis) due to base effects. Real GDP growth is forecast to average a healthy 4.4% p.a. over the medium term.
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