Market NewsNewsBotswana H1 exports 'extremely worrying', economists warn

Botswana H1 exports 'extremely worrying', economists warn

A US$1.3 billion (about 13.2 billion Pula) decline in Botswana export revenue during the first six months of 2017 is extremely worrying, economists have warned, The Southern Times reported.

The warning was made by Econsult, a firm led by former Bank of Botswana deputy governor Keith Jefferies, in a quarterly report, said The Southern Times report.

The report says exports between January and June 2017 were down by 25 percent compared to the corresponding period in 2016. According to the review compiled by Jefferies and his colleague Sethunya Sejoe, the trend is “extremely worrying” given the fundamental role export-led growth plays in the local economy, the Southern Times report said.

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