Botswana’s Economic Growth Expected To Decline On Slowed Diamond Sales

Reuters reported Botswana is expected its economic growth to slow as diamond demand stutters.

As quoted in the market news:

Botswana’s economic growth is expected to slow to 3.5 percent this year from 8 percent in 2011 due to lower-than-expected mining output, President Ian Khama said on Monday.

In a state of the nation address, Khama said reduced output from the mining sector in particular was likely to drag growth below the 4.4 percent projected in the February budget.

Click here to read the full Reuters report.