Economic growth remains below pre-COVID-19 levels, mainly owing to protracted macroeconomic instability. Economic growth is estimated at 3.7 percent for 2023, with positive contributions from the services...
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Lao People's Democratic Republic Digital Europa Thesaurus
fiscal policy
Highlights: The kip continues to depreciate, falling in value by 29% against the Thai baht and 21% against the US dollar in the year to October 2023. With banks rationing access...
Key takeaways: The Lao fiscal system in 2018 was progressive and helped reduce inequality. The net effect of fiscal interventions moderately reduces inequality while the total...
Most economies in developing East Asia and Pacific (EAP), other than several Pacific Island Countries, have recovered from the succession of shocks since 2020 and are continuing to grow...
Highlights:
Part A of the report presents recent economic developments and outlook, alongside with policy options to address the situation.
Part B on the report analyses the impacts of macroeconomic...
Part A: Recent Economic Developments and Outlook
The Lao economy is facing increased challenges from a sharp currency depreciation and high inflation, amid a deteriorating global economic...