Lao households cut spending on education to counter rampant inflation

Many households cut spending on education. - WFP/Vilakhone Sipaseuth

VIENTIANE (Vientiane Times/Asia News Network): Skyrocketing inflation has forced many households in Laos to slash spending on education, health and food, according to the findings of the latest survey conducted by the Macroeconomic Research Institute.

Economists are concerned that reduced expenditure on health and education will undermine the long-term development of human capital in Laos.