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Southern Africa Quarterly Review and Analysis – 2nd Quarter 2013 - Issue 9
Economic activity in Southern Africa remained quite strong in the second quarter, giving optimism that the region is on course to attain a projected annual average growth rate of 4.4 percent. Angola witnessed a pickup in growth in the non-oil sector, which combined with strong oil production to maintain a healthy second quarter performance. Botswana sustained its strong growth on the back of a resurging mining sector. However, recent adverse weather conditions in the country moderated overall growth during the second quarter. Growth was positive in Lesotho, largely reflecting good performance in the mining and textile sub-sectors and in construction. Similarly, in Malawi growth was strong in the second quarter, with the main drivers being stronger agricultural output, especially maize production and the positive effect of improved tobacco prices on output.