Botswana’s gross domestic product shrank by 6%% from a year earlier in the third quarter of 2020, easing from a record slump of 24% in the previous three-month period when the economy was hit by the impact of measures that were put in place to combat the spread of the Covid-19 pandemic.
The biggest contraction was seen in trade, hotels and restaurants (-15.3% vs -40.2% in Q2), followed by mining (-15.2% vs -60.5%), transport and communication (-9% vs -17%), and construction (-7.6% vs -36%). Meanwhile, utilities output jumped 45.2%, compared with 1.3% in the previous period. On a quarterly basis, the economy expanded 24.1% after contracting by 24.8% in the previous period.
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