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Lao Economic Monitor, December 2017: Lowering Risks and Reviving Growth

2,235 views · Published 7 December 2017 · 1:48 · Indexed 22 September 2026

Channel: World Bank Group · 2017 · Nonprofits & Activism

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Lao PDR's economic growth remains robust, but has slowed slightly. The country’s outlook is positive as macroeconomic management has improved, but risks remain. Policies and priorities to help lower risks and revive growth are outlined in this short video summarizing the latest Lao Economic Monitor report from December 2017.

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TRANSCRIPT:

Lao Economic Monitor: December 2017

Economic activity in Lao PDR remains strong, but continues to ease 

GDP growth expected at 6.7% in 2017 compared to 7% in 2016

Exports--from electricity, manufacturing, and agriculture--are performing well

But these are weighed down by weaker tourism 
adjustments in government spending and a moderation in investments

Inflation remains low as oil prices slowly recover and food prices stabilize

Macroeconomic risks remain high, from high public debt, including in the power sector, low foreign exchange reserves, and weaknesses in the financial sector

How can macroeconomic risks be reduced?
  
Improve revenue collection
Control public spending and increase its efficiency

Strengthen public debt management and advance financial sector reforms

Address risks in the power sector

 Restoring growth rates to around 7% will require:

Lao PDR’s ability to create a genuine and vibrant private sector
Opportunities exist but will require significant improvements in the business and trade environment 

For more information, visit 
www.worldbank.org/laos

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