Slower Growth Projected For Lao Economy: World Bank
Economic performance in Laos could be compromised by slowing global demand, rising debt, and a reliance on short-term economic fixes to cushion against food and fuel price increases
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World Bank Optimistic About Growth Of Lao Economy
The World Bank has predicted that Laos will see economic growth of 4.5 percent in 2022 and 4.8 percent in 2023 despite projected slower growth of the global economy.
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Lao Economy Expected To Grow 4.2 Percent Next Year
The Lao economy is projected to grow by 4.2 percent in 2022, driven by commercial production for exports and opportunities and benefits arising from the Laos-China Railway.
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Laos’ Economy To Grow At Only 2.1 Percent This Year: IMF
The International Monetary Fund (IMF) is projecting that Laos will see economic growth of just 2.1 percent this year, down from the 4.7 percent growth rate predicted in April.
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Lao Govt Explains Main Reasons For Rising Debt Burden
The government has cited five reasons for its spiralling public debt over the past five years, which is continuing even though measures have been introduced to address it.
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Lao Govt Confident Of Economic Recovery Next Year
The government is optimistic that the economy will grow by 4-4.5 percent next year despite complex global changes and Laos’ financial difficulties.
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Laos Set Its Own Debt Trap
‘Inadequate’ foreign exchange reserves, a widening current account deficit, contingent liabilities from public–private partnerships, poor governance — including weak institutional capacity and corruption controls — and constrained political freedoms that limit accountability have all contributed
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IMF Downgrades Laos’ Economic Growth To 0.2 Percent
The lower growth rate is attributed to several factors linked to the global economic slump, triggered by the Covid-19 pandemic.
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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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Lao Economic Growth Shrinks Amid Drop in Production, Spending
Economic growth in Laos has slowed as production and consumer spending drop amid fears of a spread of the coronavirus, with growth expected to shrink by about 50 percent
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Laos Growth Resilient Despite Economic Headwinds
Despite a new set of challenges like the long dry season, Covid-19 outbreak, and US-China trade war, Laos looks set to enjoy stable growth of at least 6 per cent, possibly 6.3-6.4 per cent.
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Poverty Persisting In Laos Despite Economic Growth
The economic growth rate of Laos is high compared to neighbouring countries and some regional peers, however, this has not seen poverty reduction in the country.
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Govt To Pursue 7 Percent Economic Growth In 2018
The government expects to pursue economic growth to at least seven percent in 2018, the same level expected for 2017, according to the Ministry of Finance.
The ministry is drafting the budget plan for 2018, which will be ….
IMF Sounds Concerns Despite Strong Lao Growth
The IMF also expressed concerns about the nation’s declining levels of foreign-currency reserves, a rising budget deficit and relatively high levels of public debt.
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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 ….
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 ….