Botswana’s economy contracts by 2.2 pct in Q1

Botswana, Economy, South Africa — By AfricaTimes on July 4, 2011 12:14 pm

Botswana’s economy contracted 2.2 percent in the first quarter compared to the previous three months due to lower mining output,Botswana Eco the Central Statistics Office (CSO) said on Monday.

The mining sector contracted by 4.2 percent in the first quarter, while finance and business services fell by 6.1 percent, a statement on the CSO website showed.

Reuters.

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