Analysis by Region - Emerging Markets - Lesotho

Analysis by Region - Emerging Markets - Lesotho

Driven by growth in the construction and services sectors, Lesotho's economy displayed signs of improvement in the second quarter of this year. Yet, ongoing weaknesses in manufacturing and subdued demand tempered the expansion somewhat. The second phase of the Lesotho Highlands Water Project (LHWP-II), along with its anticipated spillover effects, will likely be a significant driver of medium-term economic growth.