Botswana faces lowered economic growth after years

In a media report, Bostwana, which is the world’s top diamond producer, is facing the brunt of low demand for diamonds and in effect a slower economic growth. Around two thirds of the government revenues in Botswana are usually expected to come from exports of diamonds.

The country is likely to be preparing for an affected exploration and development of diamonds and other resources, owing to the reduced commodity prices in the global recession. The growth of the country’s economy has been around 5.5 percent per year for the four years through 2007, but as per reports, the International Monetary Fund is predicting a slowdown in the growth to 4.6 percent in 2009 from an estimated 5.3 percent in 2008.