Diamond slump still choking Botswana economy

Sunday Standard Diamond slump still choking Botswana economy Despite repeated talk of economic recovery and transformation, Botswana remains firmly trapped in the grip of the diamond downturn. The Bank of Botswana says weak global demand for diamonds, shifting consumer preferences and slow progress in economic diversification continue to weigh heavily on growth, exposing the country’s enduring dependence on its most important export. In […] The post Diamond slump still choking Botswana economy first appeared on Sunday Standard and is written by Cedric Swanka

Diamond slump still choking Botswana economy

Sunday Standard

Diamond slump still choking Botswana economy

Despite repeated talk of economic recovery and transformation, Botswana remains firmly trapped in the grip of the diamond downturn.

The Bank of Botswana says weak global demand for diamonds, shifting consumer preferences and slow progress in economic diversification continue to weigh heavily on growth, exposing the country’s enduring dependence on its most important export.

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The post Diamond slump still choking Botswana economy first appeared on Sunday Standard and is written by Cedric Swanka