Economy in Laos
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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LAOS, 2013/10/10
The World Bank has estimate eight % gross domestic product (GDP) increase for Laos in 2013, driven mainly by mining and hydropower projects, despite the country's recent financial difficulties.
The East Asia and Pacific Update, a bi-annual review of regional economies released by the Bank on Monday, is optimistic the Lao economy will continue to grow at a strong rate, picking increase to fall to 7.7 % in 2014 before recovering to 8.1 % in 2015.
While the World Bank is confident of continued increase across the region as a whole, it has pushed for nations to institute reform to sustain increase and spread its benefits to the wider people.
