Lao PDR’s Economic Growth To Remain Stable In 2019, 2020, ADB Outlook
(KPL) In 2019 and 2020, the Economic growth in the Lao PDR is expected to remain stable at 6.5% supported by the expanding agriculture, energy, industry, and services sectors, the Asian Development Bank (ADB) has said in its latest report.
The Asian Development Outlook (ADO) 2019 forecasts Lao PDR’s gross domestic product (GDP) growth to remain at 6.5% in both 2019 and 2020.
Industrial growth is forecast to edge up slightly to 8.1% in 2019 from 8.0% in 2018, largely because of sustained infrastructure development and an increase in electricity generation.
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