Lesotho’s 2025-2027 economic outlook suggests that the country will face greater challenges than many other nations due to increased global uncertainty.
This was disclosed by the World Bank economist, Dr Monaheng Seleteng, during the launch of Lesotho’s first economy update today in Maseru.
Dr Seleteng predicted direct impacts including lower exports, investment, and growth.
He also noted that there may be possible job losses, lower external financing and increased fiscal pressures.
“The indirect impacts include lower global growth and in South Africa, lower external demand and lower remittances affecting household demand,” he indicated.
Dr Seleteng further warned of Lesotho’s current account going back into deficit owing to subdued exports and lower Southern African Customs Union revenues.
