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29th April 2021 International credit rating agency – Moody’s, says it forecasts that the Botswana economy will recover in 2021, with real GDP expanding by 6.2 percent.  The expansion, Moody’s said will mainly be driven by the rebound in mining industry and gradual normalization of domestic economic activity. Consistent with Moody’s forecast, the diamond sector – where Botswana is major player is reported to have been recovered in the first quarter of 2021 reaching the Pre-Covid 19 crisis sale level.  Despite this recovery in the diamond sector, , Moody’s says prolonged Covid 19 containment measures or a slow vaccine rollout could impede the pace of the recovery. At the same time, the agency cautions that the evolution of the pandemic will continue to influence the developments in the diamond market. Last week, De Beers disclosed it that it will likely earn $440 million from diamonds sold in the third sales cycle – which ran from 22 March to 6 April. The estimated f

De beersEconomic recoveryTransformation planடி பியர்ஸ்பொருளாதார மீட்புமாற்றம் திட்டம்