Lesotho Central Bank Sees Growth Accelerating, Inflation Steady

Economic growth in the landlocked southern African nation of Lesotho is expected to accelerate over the next two years after slowing this year, central bank Governor Rets’elisitsoe Matlanyane said.

Growth cooled in the country’s manufacturing, construction and mining sectors this year, Matlanyane told reporters Friday in the capital, Maseru.

“The situation is however expected to improve over the medium-term with growth projected at 4 percent in 2016 and 4.6 percent in 2017,” she said.

Inflation is expected to average 5.7 percent over the next two years, compared with an estimated 3.3 percent this year, Matlanyane said.

— With assistance by Mathabiso Ralengau

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