World Bank highlights opportunities and challenges for Lao economy

The Lao economy is projected to steadily recover in the medium-term, but growth will remain below pre-pandemic levels at 4.5 percent in 2022. The Lao economy is projected to grow at 3.6 percent, down from the 4 percent growth anticipated in March 2021. 

The main risks that could interrupt economic growth in Laos include slower growth for key trading partners and delays in the rollout of the vaccination programme in the region with the prolonged community outbreak measure to persistent foreign currency liquidity, and national debt remains still high. 

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Somsack Pongkhao