Analysis by Region - Emerging Markets - Lesotho
Lesotho’s economic growth disappointed in H1 2024, mainly due to weaknesses in the retail and public administration subsectors. Conversely, the construction subsector showed strong annual growth, boosted by phase two of the Lesotho Highlands Water Project (LHWP-II). Although we expect economic growth to rebound in H2 2024, we have lowered our forecast for average economic growth in 2024 to 2.3% from the previous forecast of 2.7%.
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