In Lao People’s Democratic Republic, the economic recovery is expected to continue in 2022, mainly supported by industry and services, with growth projected to accelerate to 3.8 percent. However, growing macroeconomic vulnerabilities – mainly stemming from a high debt burden - and external shocks may affect the outlook. Labor market conditions remain subdued, while rising fuel and food prices are threatening poverty and food security. Addressing macroeconomic imbalances will be critical to laying the foundation for sustained economic growth and support poverty reduction.
Macro Poverty Outlook for Lao People’s Democratic Republic : April 2022
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Macro Poverty Outlook for Lao People’s Democratic Republic : April 2022 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099901204222242826/IDU05de525750ce0d04c3e0b3d20d2df2c50bf99