Lesotho’s Manufacturing Sector Has Collapsed, World Bank Data Shows

The World Bank’s latest economic projections for Lesotho paint a stark picture of an economy whose productive core is weakening rapidly. At the centre of this deterioration is the manufacturing sector, long regarded as Lesotho’s primary source of export earnings and formal employment. While fiscal balances remain strong on paper, the underlying data shows that manufacturing-led growth has collapsed, exports are contracting, employment is frozenand poverty remains entrenched. The World Bank’s medium-term outlook shows that after a brief rebound in 2024,…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...