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A P16 billion lockdown

A P16 billion lockdown

FNBB CHIEF ECONOMIST: Moatlhodi Sebabole

Economy hit hard by Covid-19

Enforced to combat the spread of Covid-19 and ultimately save lives, the recent 49-day lockdown is believed to have cost the local economy around P16 billion.

According to First National Bank of Botswana (FNBB) Chief Economist, Moatlhodi Sebabole, although it is too early to calculate the total economic loss during the period of extreme social distancing – 3 April to 21 May - P16 billion is a plausible estimate.

The money-man explained that on average, the country’s economy generates between P300 million and P540 million daily.

“However, without a soli...

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