Botswana’s economy faces a challenging second half of 2025, with forecasts from consultancy Econsult pointing to GDP growth between -1% and 0%, following a sharper 3% contraction in 2024. Rising inflation, fiscal pressures, and weakness in the diamond sector are central risks. The industry is liquidating slow-moving stock to boost cash but balancing that against long-term brand positioning. Econsult warned that Botswana must stabilize its budget by cutting public spending to avoid debt risks.