ADB lowers growth forecast for Lao economy this year
The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April.
The Asian Development Bank (ADB) has revised down its growth forecast for the Lao economy in 2023 to 3.7%, from a 4.0% projection released in April.
Laos saw its inflation rate fall sharply from 38.86% in May to 28.64% in June, according to the Lao Statistics Bureau.
The inflation rate of Laos declined slightly from 41.3% in February to 41% in March, according to the Lao Statistics Bureau (LSB), marking the first time the rate has decreased after continuously increasing for more than a year.
Inflation in Laos soared to 39.27% in December, the highest rate of 2022, according to the Lao Statistics Bureau.