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Lao PDR economic monitor : sustaining growth - maintaining macroeconomic stability (Inglês)

The Lao economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction or development phase), construction, food processing, and services sectors remain the major contributors to this growth. Overall inflation has risen considerably since the end of 2012, due to a notable increase in non-rice food prices. The fiscal deficit as a ratio to gross domestic product (GDP) is expected to widen in FY2012-2013. Therefore, containing aggregate demand through fiscal and credit growth management is essential to maintain macroeconomic balances while exchange rate management needs to be measured given the pressures on reserves and competitiveness. As the banking sector continues to expand and credit growth remains relatively high, bank supervision capacity needs to be strengthened. Lao People's Democratic Republic's (PDR's) robust economic performance and expansionary fiscal policy calls for a bolder investment in social sector spending. This paper is divided into following two parts: part one gives recent economic developments; and part two presents sector focus.

Detalhes

  • Autor

    Phimmahasay, Keomanivone Davading, Somneuk Vongviengkham, Saysanith Nguyen, Van Minh April, Leah Anantavrasilpa, Ratchada Nghardsaysone, Konesawang Record, Richard Larsen, Morten Tandon, Ajay Rodriguez, U-Primo E. Hutton, Guy

  • Data do documento

    2013/06/01

  • TIpo de documento

    Atualizações e modelagem econômicas

  • No. do relatório

    79158

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    República Democrática Popular do Laos,

  • Região

    Leste Asiático e Pacífico,

  • Data de divulgação

    2013/07/01

  • Disclosure Status

    Disclosed

  • Nome do documento

    Lao PDR economic monitor : sustaining growth - maintaining macroeconomic stability

  • Palavras-chave

    trade development;mother and child health;access to health care service;total government spending;provision of health care;Public Works and Transport;operation and maintenance expenditure;maternal and child health;balance of payment;domestic revenue;trade in goods;trade in services;world trade organization;net foreign asset;primarily due;number of banks;exchange rate management;value added tax;capital expenditure;natural resource revenue;higher value added;maternal mortality rate;loss of competitiveness;portion of total;consumer price index;social development outcome;foreign direct investment;agriculture and forestry;maternal health service;social sector spending;availability of bank;commercial bank lending;civil service pay;global economic outlook;Regional Economic Development;annual budget presentation;private sector credit;banking sector asset;social spending;mining sector reform;information on revenue;exchange rate stability;extractive industry sector;education and health;road and bridges;market access commitment;foreign currency deposit;public sector wage;infrastructure and services;capital goods import;consumer goods imports;credit growth;resource sector;budget plan;domestic demand;percent change;capital spending;mining revenue;external demand;aggregate demand;public wage;

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