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Analysis by Region - Africa

Publisher Oxford Economics
Published Apr 12, 2023
Length 4 Pages
SKU # OFE17888539

Description

Analysis by Region - Africa

Phase II of the Lesotho Highlands Water Project (LHWP-II) will be the heartbeat of economic growth over 2023-2029, provided that construction targets are met in accordance with the project schedule. We expect that fixed investment will gain traction in the coming months to catapult GDP growth higher over the next five years, while employment opportunities created by the megaproject should strengthen private sector consumption. However, the support to GDP growth will be tempered by a sizeable widening of the net external trade shortfall. Mindful of these opposing forces, we have increased the 2023 GDP growth forecast from 1.2% to 1.5%.

Table of Contents

4 Pages
Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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