Large infrastructure projects accelerate growth of Laos’ GDP: World Bank
VIENTIANE (Vientiane Times/ANN) – The growth projection of Laos’ Gross Domestic Product (GDP) is forecasted to be 6.6 percent in 2019 and 6.7 percent by 2020, according to the latest update from the World Bank for East Asia and the Pacific.
The key factor in the fast-track growth of the Lao economy is large infrastructure projects, Mongolia’s economy will also see strong growth for the same reason.
Growth in developing East Asia and the Pacific (EAP) is projected to soften to 6.0 percent in 2019 and 2020, down from 6.3 percent in 2018, largely reflecting global headwinds and a continued gradual policy-guided slowdown in China.
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