GDP Expected To Grow At 6.8 Percent: IMF

The International Monetary Fund (IMF) has predicted that Laos’ Gross Domestic Product (GDP) will grow at 6.8 percent this year, less than the government’s projected rate of 7 percent.
The IMF Executive Board concluded the Article IV consultation [1] with Laos recently, describing Laos’ challenges in dealing with the current account deficit, falling foreign currency reserves, and growing ….

Read more

Laos In Need Of Massive Capital Injection To Drive Economic Growth

Economists warn that Laos will need to take a proactive approach to attract foreign direct investment if the country is to sustain economic growth of 7.5 percent annually over the next five years.
According to a recent government report, Laos will need about 223 trillion kip (US$27 billion), equal to 30 percent of Gross Domestic Product (GDP), over the period ….

Read more