Laos Has Avoided A Major Health Crisis, Yet To Be Immune To Global Economic Downturn

The Lao PDR has so far avoided a major health crisis but has not been immune from the global economic downturn as the COVID-19-induced economic recession has affected the country through multiple channels including tourism, trade, investment, commodity prices, exchange rates, and lower remittances.

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Inflation Threatens To Consume The Benefits Of Growth

The inflation rate in Laos continues to rise despite the government’s mitigating measures designed to regulate the rate, according to a recent government report.
Local residents in Vientiane have always complained about rising food prices in the capital as it directly affects their livelihoods, particularly the poor.
The average inflation rate over the past 6 months of 2013-14 reached ….

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Laos Set For 7.3 Percent Economic Growth: ADB

Economic growth in the Lao economy was recorded at a solid 7.6 percent last year but the Asian Development Bank (ADB) has forecast that this is likely to fall slightly to 7.3 percent this year.
A report was released by the ADB office yesterday at the Asian Development Outlook 2014 conference to publicise its economic predictions on the growth of the economy in Laos and other developing Asian countries.
ADB said the Lao economy remained one of the top performers in the region in terms of economic growth. “If we look at the growth figure it is somehow varied but the momentum of economic growth remains satisfactory for ….

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