In brief

EIU expects the ruling party, the Botswana Democratic Party, led by the president, Mokgweetsi Masisi, to maintain its dominance, given its large parliamentary majority. The government will pursue market-oriented economic policies to support economic growth while attempting to diversify away from diamond mining. This will, however, prove to be fairly challenging, owing to Botswana's small domestic market, substantial skills gap and volatile business cycle. Economic growth in 2024 will be constrained by relatively weak external demand, which will curb domestic output and inward tourism. Growth will accelerate throughout 2025-28, driven by the services and mining sectors. 

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