Lesotho's economy was notably weaker than anticipated at the start of the year, declining by 1.6% y/y in Q1. Although a rebound is likely in the second quarter, the impact of US tariffs on Lesotho's manufacturing sector, cuts to US foreign aid focused on investments, and delays in the second phase of the Lesotho Highlands Water Project (LHWP-II) will significantly dampen the country's economic prospects. Based on these factors, we have sharply lowered our real GDP growth forecast for 2025 to 0.5% from the previous estimate of 2.1%.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook