(Reuters) -Botswana’s economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday.
Gross domestic product decreased 5.3% in year-on-year terms, the steepest quarterly contraction since the COVID-19 pandemic.
“Diamond production in carats declined 43.1% in the second quarter of 2025. The steep decline reflects the diamond companies continued effort to scale down operations amid sluggish global demand,” the statistics agency said in a report.
(Reporting by Mohd Edrees;Writing by Alexander Winning; Editing by Alison Williams and Saad Sayeed)
