Laos’ economic growth hasn’t lessened poverty
VIENTIANE (Vientiane Times/ANN) – 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.
The economic growth rate of Laos from 2005 to 2018 averaged around 7.66 percent a year, while it was 3.27 percent in Thailand, 6.11 percent in Vietnam and 6.60 percent in Cambodia, concludes a report from the Centre for Macro-Economic Policy Research and Economic Restructuring (CMER) under the National Institute for Economic Research (NEIR).
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