effect of public debt on economic growth in lesotho


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PDF Lesotho Annual Country Report 2020

Lesotho 2020 Annual Country Report is a comprehensive document that showcases the achievements and challenges of the UN and its partners in supporting the national development priorities of Lesotho The report covers the four pillars of the UN Development Assistance Framework: inclusive growth social protection governance and resilience It also highlights the UN\'s response to the COVID-19

PDF Lesotho Economic Outlook 2023

The economy is forecast to grow by 1 8 per cent in 2023 driven by the construction and services industries while manufacturing industry and agricultural sub-sector are projected to contract In 2024 domestic growth is expected to in-crease to 2 9 per cent and slow down to 1 8 per cent in 2025

PDF Lesotho Economic Outlook

growth is projected to decelerate sharply to 0 1 per cent in 2023 weighed down by an intensification of power outages a weaker external environment and a negative carryover effect from the growth slowdown at the end of 2022

  • Why has Lesotho's growth been downgraded?

    Lesotho’s near-term growth has been downgraded as challenges in the manufacturing industry outweigh resilience in the mining industry. The high frequency indicators in the textile and clothing industry point to declining orders from the US market.

  • Will Lesotho run a deficit?

    Lesotho will continue to run a large fiscal deficit, albeit one easing down over the forecast period. GDP will pick up, but remain weak, as work continues on the second phase of the Lesotho Highlands Water Project.

  • Will the reopening of the Chinese economy boost Lesotho's Diamond exports?

    easing to 2.3 per cent in 2024 and 8.1 per cent in 2025. The favourable prices and recovery in diamond demand, especially the reopening of the Chinese economy is expected to have a major boost to Lesotho’s diamond exports in the medium-term.

  • How did Lesotho's economy grow in 2022?

    Lesotho’s economy grew by 1.8% in 2022. The main growth drivers were construction, mining, manufacturing, business services, and public administration. Agriculture also contributed positively due to good seasonal rainfalls and input subsidies. The inflation rate was 8.3% in 2022 compared with 6% in 2021.

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