Macroeconomic Forecast Botswana

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BMI View: We are forecasting real GDP growth in Botswana of 5.4% in 2012 and 5.5% in 2013, compared to the estimated 4.8% expansion in 2011. The solid outlook is driven by growing interest in the country's mining sector and the infrastructural investment that this will necessitate, but subdued public consumption coupled with uncertain external demand tempers our forecasts.