World Bank: Lao economy recovers then falters amid Covid

Laos remains among the world's poorest ones with most of population living under the World Bank poverty line. - AFP

VIENTIANE (Vientiane Times/Asia News Network): The Lao economy is on course for moderately improved growth in 2021, despite an outbreak of Covid-19 denting the promising economic recovery made earlier in the year, according to the World Bank.

The Bank’s latest Economic Monitor for Laos — A Path to Recovery — predicts that GDP growth will rise to 3.6 per cent in 2021, against a figure of 0.5 per cent in 2020.