Botswana is suffering from a permanent loss of diamond export revenues due to the advent of lab-grown stones. There has been a surprisingly quick adjustment in the economy’s external position, so the shock is unlikely to lead to disorderly falls in GDP. But it is likely to result in a weaker pula and a period of slower growth, particularly compared to the country’s impressive track record.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.