We expect diamond production will remain the key factor behind economic growth. We expect diamond production will expand moderately in 2019-2022, supporting average real GDP growth of 4.2%. We believe economic diversification will remain limited over the forecast horizon through 2022, potentially exposing Botswana to external shocks from diamond price volatility. Parliamentary elections in the fall of 2019 will drive domestic policy in the coming months. Botswana continues to maintain strong external buffers and a accommodative monetary and fiscal policy. We anticipate Botswana's current account will remain in surplus over 2019-2022, albeit lower than we previously projected. We expect the budget deficit will widen in 2019, but anticipate fiscal consolidation from 2020. Inflation is set to remain near the lower
