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Country Economic Forecasts - Lesotho

Country Economic Forecasts - Lesotho

After a contraction in 2017, real GDP growth is estimated to have returned in 2018, but only marginally: we estimated real growth of only 0.8% in the year. The mountain kingdom’s performance improved during the third quarter of 2018, with the Central Bank of Lesotho’s (CBL) indicator of economic activity pointing towards a moderate pickup in economic activity. The upturn in Q3 was underpinned by positive performance in the manufacturing sector where employment in local firms grew by 4.4% y-o-y. We believe the economy is poised to grow at a more gratifying rate of 2.9% in 2019, after the dismal performances in 2017 and 2018. Looking ahead, Lesotho’s medium-term economic prospects suggest an uptick in real economic activity underpinned by solid performance in the primary and secondary sectors.

Lesotho: The following represents a general Table of Contents outline for the Country Economic Forecast.
The actual report may cover any or all of the topics listed below.
Highlights and Key Issues
four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview
Forecast Table showing % changes for the country
with 2 years of historical data and 4 years of forecast data for the following:
Domestic demand
Private consumption
Fixed investment
Stockbuilding (% of GDP)
Government consumption
Exports of goods and services
Imports of goods and services
Consumer prices
Current account balance (US$ and % of GDP)
Government budget (% of GDP)
Short-term interest rates (%)
Long-term interest rates (%)
Exchange rate (vs. US dollar)
Exchange rate (vs. euro)
Economic Overview
two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts
Charts and Tables
covering a full range of economic developments relevant to the time period covered.
These could include such topics as:
Contributions to GDP growth
Monthly industrial output
Business and consumer confidence
Unemployment rate
Retail sales
Prices and earnings
Consumption and investment
Government balance and debt
GDP and industrial production
Monetary policy and bond yields
Background Information on the country
One or two pages of text covering the main historical political and economic factors that determine the country's current position
Key Facts on the country
Map of the country
Key political facts
Long-term economic and social development
changes since 1980
Structure of GDP by output
latest year
Long-term sovereign credit ratings and outlook
Corruption perceptions indexlatest year
Structural economic indicators
changes since 1990
Destination of goods' exports -prior years
latest year
Composition of goods & services exports
latest year ​

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