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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Lesotho  |b Recent Economic Developments 
260 |a Washington, D.C.  |b International Monetary Fund  |c 1999 
300 |a 75 pages 
651 4 |a Lesotho, Kingdom of 
653 |a Depository Institutions 
653 |a Income 
653 |a Banks 
653 |a Short-term Capital Movements 
653 |a Banks and banking 
653 |a Current Account Adjustment 
653 |a Micro Finance Institutions 
653 |a Balance of payments 
653 |a Trade: General 
653 |a Exports and Imports 
653 |a Aggregate Factor Income Distribution 
653 |a Mortgages 
653 |a International economics 
653 |a Exports 
653 |a Banks and Banking 
653 |a Macroeconomics 
653 |a Banking 
653 |a Imports 
653 |a Current account deficits 
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490 0 |a IMF Staff Country Reports 
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520 |a 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