Diamond production in carats went down by 67.0 percent while Coal production in tonnes decreased by 40.7 percent.Ĭompanies in the industry of Trade, Hotels and Restaurants felt it when its real value added went down by 40.3 percent in the second quarter of 2020 compared to an increase of 5.1 percent registered in the same quarter of the previous year. There are many private companies in the coal and mining business which are losing value, some are listed in the local stock exchange. Most private sector players felt the scourge of Covid-19 especially in Mining and Quarrying where there was a decrease in the real value added of Mining by 60.2 percent which was mainly influenced by Diamond and Coal real value added. Government also created new Covid-19 focused employment in the Public Administration sector in order to adhere to the disease protocols like recruitment of teachers, Safety and Health Employees (SHE) and other temporary employees across Ministries. This was done despite contributing to deficits or drawing down of budget surpluses. According to Statistics Botswana, Botswana Government business survived a huge contraction because it “instigated robust fiscal policy responses in order to influence macroeconomic conditions.” There was also aggregation of demand of goods and services, employment, inflation and economic growth.
0 kommentar(er)
