Economic fallout from Covid-19 deepens in Laos, says World Bank survey

VIENTIANE, Sept 6 (Vientiane Times/ANN): The continuing Covid-19 pandemic has deepened the economic fallout in Laos over the second quarter of this year as employment fell off sharply and households and businesses suffered declining income and revenue, according to a World Bank survey.

The latest round of the World Bank’s Rapid Monitoring Phone Survey, conducted in April-May this year among 2,000 randomly selected households, shows that 51 percent of survey respondents reported being without work or having had to stop working in April-May 2021, up from 17 percent in February-March 2021.