ADB Forecasts 4% Growth for Lao PDR in 2024

Services and clean energy investments are supporting growth in the Lao People’s Democratic Republic (Lao PDR), but macroeconomic challenges from public debt continue to constrain investment prospects and domestic consumption. The Asian Development Outlook (ADO) September 2024 forecast growth for the Lao PDR to be 4.0% in 2024 while the forecast for 2025 was revised down to 3.7%, from the 4.0% projected in ADB’s ADO April 2024 report. Inflation is forecast to rise to an average of 25% in 2024 and 21.5% in 2025, due to price adjustments linked with kip depreciation.

 

For further information, please click: https://www.adb.org/news/adb-forecasts-4-growth-lao-pdr-2024

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