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Lesotho Recent Economic Developments

This Selected Issues paper highlights that Lesotho’s overall economic situation deteriorated significantly in 1998/99 after registering a slowdown in 1997/98. The economy had witnessed high annual average growth rates of more than 6 percent in the decade ended 1996/97. The strong growth was spurred...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Income
Banks
Short-term Capital Movements
Banks And Banking
Current Account Adjustment
Micro Finance Institutions
Balance Of Payments
Trade: General
Exports And Imports
Aggregate Factor Income Distribution
Mortgages
International Economics
Exports
Macroeconomics
Banking
Imports
Current Account Deficits
Lesotho, Kingdom Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This Selected Issues paper highlights that Lesotho’s overall economic situation deteriorated significantly in 1998/99 after registering a slowdown in 1997/98. The economy had witnessed high annual average growth rates of more than 6 percent in the decade ended 1996/97. The strong growth was spurred largely by the construction of the Lesotho Highlands Water Project and the rapid expansion of the export and manufacturing sector. Real GDP growth decelerated sharply from 9.7 percent in 1996/97 to 4.1 percent in 1997/98 and then declined by 5.4 percent in 1998/99
Physical Description:75 pages
ISBN:9781451823660

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