Jobs drought deepens as household spending heads for contraction

Sunday Standard

Jobs drought deepens as household spending heads for contraction

Unemployment is expected to remain stubbornly high over the next two years as weak economic growth, diamond-sector volatility and rising living costs continue to squeeze households.

According to Business Monitor International (BMI),unemployment rate in Botswana is forecast to average 24.4% in 2026 and remain at 24.4% in 2027. The projection is only marginally below the estimated 24.5% recorded in 2025 but remains substantially above Botswana’s pre-pandemic average of 21.6% between 2015 and 2019, BMI says in its Botswana 2026 Consumer Outlook.

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The post Jobs drought deepens as household spending heads for contraction first appeared on Sunday Standard and is written by Sunday Standard Reporter