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BOTSWANA Mining helps lift growth to 3.1%

July 3 2012 at 05:00am

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Botswana’s economy grew by an annualised 3.1 percent in the first quarter as mining output lifted growth, official data showed yesterday. The sector dominating Botswana’s economy is expected to grow slightly for the year, keeping a lid on growth that reached 7 percent in 2010. Data showed year-on-year growth at 3.2 percent in the first three months of 2012 compared with 1.4 percent in the previous quarter. Mining contracted by 7.8 percent, coming off a 16.1 percent fall in the fourth quarter of last year that had caused the economy to contract an annualised 5.7 percent in the quarter. – Reuters


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