Laos News » Salavan News Laos » Salavan » Economy: Laos’s economic reckoning
Laos had the feeling of a nation moving ever closer to an economic reckoning in 2023, even though the outcome is likely to be ambiguous and protracted. While according to official statistics, Laos ...
News Laos » Salavan » Economy: Laos Bet Big on China-Backed Dams. Its Economy Is Paying the Price
Laos' government has longstanding plans to turn the landlocked country of 8 million people into "the battery of Southeast Asia" by exporting electricity generated by hydropower dams along the Mekong ...
News Laos » Salavan » Economy: The Iran War Is Threatening Another Economic Crisis in Laos
The country of 8 million is still dealing with the impacts of a post-COVID crisis that was marked by high inflation and a collapse in the value of the kip. Inflation in Laos is on the rise again, due ...
News Laos » Salavan » Economy: Why Dollarization Is the Solution to Laos’ Economic Woes
Relieved of the need to keep its currency afloat, the central bank could focus on addressing the country’s worsening foreign debt crisis. Laos posted an annual average growth in its gross domestic ...
News Laos » Salavan » Economy: Lao Economy Grows, but Volatility Clouds Outlook
The Lao economy is growing, driven by exports of services, electricity, mining, agriculture, and manufacturing, but inflation and labor shortages continue to threaten stability, according to a new ...
News Laos » Salavan » Economy: Lao Economic Monitor, April 2024: Accelerating Reforms for Growth: Key Findings
Economic growth remains below 2019 levels, mainly owing to protracted macroeconomic instability. GDP growth over 2023 was an estimated 3.7%, with positive contributions from the services sector, ...