International Reserves in Botswana
Botswana - International ReservesThe economy appears to have lost further momentum in the third quarter after a notable downturn in mining caused growth to fall to a two-year low in the second quarter. Overseas sales of diamonds, which accounts for nearly 90% of total exports, fell by a quarter in July–August, a much sharper drop than in Q2. Diamond output plunged after the Orapa mine was closed in April, and was further dragged on by challenging external conditions. Moreover, firms were less upbeat about business conditions in Q3, hinting at a likely downturn in private sector activity. That said, conditions are expected to have perked up in the fourth quarter. Meanwhile, in politics, incumbent President Mokgweetsi Masisi of the Botswana Democratic Party (BDP) secured a second term in 23 October’s fiercely contested general election, despite a first term marred by controversial policies.
Botswana - International Reserves Data
|International Reserves (USD)||7.7||8.3||7.5||7.2||7.5|
5 years of economic forecasts for more than 30 economic indicators.
Botswana International Reserves Chart
Source: World Bank
|Bond Yield||5.08||0.23 %||Nov 21|
|Exchange Rate||10.86||-0.31 %||Nov 21|
|Stock Market||1.2||0.0 %||Nov 14|
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