Laos economic recovery challenged by debt and rising prices

Image from Laotian Times.

VIENTIANE, May 15: While the economy is beginning to recover from the effects of Covid-19, Laos faces stiff challenges associated with long-standing macroeconomic imbalances, according to the World Bank’s latest economic update, reports Laotian Times.

Increasing public debt levels and rising global prices are endangering macroeconomic stability and threatening living standards, according to the Lao PDR Economic Monitor — Restoring Macroeconomic Stability to Support Recovery.