Indicators
Botswana GDP Shrinks Most Since 2020 as Diamond Output Plunges
- Economy contracted 5.3% in first quarter after growth of 1.9%
- Nation is world’s largest producer of rough diamonds by value
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Botswana’s economy contracted by the most since the peak of the pandemic in early 2020, after diamond production plunged.
Gross domestic product shrank an annual 5.3% in the first quarter, compared with growth of 1.9% in the prior three months.