Search
  1. Home
  2. Southern Africa
  3. Eswatini

Decline in economic growth expected

    JOHANNESBURG

    The Central Bank of Swaziland (CBS) has predicted a growth rate of only 2.5 percent for 1999/2000, the 'Swazi Observer' reported on Wednesday.

    The CBS director of research, Cleopas Dlamini, was quoted as saying that growth was down by 0.5 percent from last year when Swaziland registered a growth rate of about 3 percent. Dlamini said that one of the main reasons for the lower growth rate was the slowdown in foreign direct investment in the country. "We have had no new foreign investment flowing into the country and thus our economy is not advancing," he said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join