Economic prospects improving amid rains

THE significant rainfall that the country has received since the end of last year is good news for the farming sector and the economy as a whole.
As a result, business confidence — the forward-looking expectations of companies — continues to perk up, as the negative impact of El Niño weather patterns on the country’s economy become less severe than was previously feared.
This comes after a prolonged dry spell for the current farming season, which stretched well into December last year, caused anxiety among both farmers and other experts over the impact of this on agriculture and the broader economy.