Macroeconomic Forecast Botswana

BMI View: We forecast Botswana's current account will post a deficit of 1.5% of GDP in 2012, before flipping into surplus, at 0.5% of GDP in 2013. Moderating diamond prices and continued reliance on capital goods and fuel imports will keep the current account negative in 2012, before it edges back into the black in 2013, in line with a positive outlook for coal exports.

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