GDP forecast to grow by 4.7% in 2017 and 5.3% in 2018
06 February 2018
The economy is forecast to grow by 4.7% and 5.3% in 2017 and 2018 respectively due to a positive economic outlook in both mining and non-mining private sectors (NMPS). This was revealed during the delivery of the 2018/19 budget speech by the Minister of Finance and Economic Development. Mining output is expected to increase as the global market for rough diamonds continues to improve, while growth in the NMPS would largely reflect the impact of government policies and strategies to diversify the economy.