ADB outlook expects moderate Lao economic growth
VIENTIANE (Vientiane Times/ANN) – Lao economic growth will remain moderate in 2019 and 2020, as expansion in the industry and services sectors softened in the first half of 2019 due to fewer international visitor arrivals, according to a new Asian Development Bank (ADB) forecast.
Additionally, the near stagnation in electricity exports and generation despite a slight recovery in the agriculture sector was a cause for weak growth.
According to an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2019, ADB projects the Lao economy to grow by 6.2 percent in 2019 and 2020, slightly lower than its April forecast of 6.5 percent for 2019 and 2020.
Times Reporters
http://annx.asianews.network/content/adb-outlook-expects-moderate-lao-economic-growth-104980
