Keyword: "economic uncertainty"

Deputy Prime Minister Ho Duc Phoc said ministries must avoid complacency despite recent price stability, calling on agencies to prioritise the 3.3% CPI target, monitor global risks, and prevent domestic shortages or sudden price spikes, especially ahead of the Lunar New Year.

The International Monetary Fund (IMF) predicted that Laos’s economy will grow by 4% this year and in 2024, thanks to neighbouring countries’ reopening of borders and removal of travel restrictions.

Bank Indonesia (BI) has forecast that next year its national economy will grow at almost the same rate as this year’s estimation of 5.1 percent, and domestic consumption will continue to serve as the main engine of growth.