The Bank of Botswana has published a summary of the Business Expectations Survey (BES) it conducted between September and November 2008 on the Bank’s website. This covers expectations in the business community for the period up to December 2008. The next round of the survey is scheduled for March 2009. While the survey provides useful information concerning current perceptions of the economic climate among the local business community, users are advised that the BES remains under development and is subject to the inevitable errors associated with small samples. As such, the results should be interpreted with due caution.