VIENTIANE (Laotian Times): Lao economic growth is facing continued challenges, with growth estimated to have remained below 2019 levels in 2023 and expected to stay below that mark in 2024. The World Bank highlighted various factors contributing to this trend in a report released to the media.
According to the report titled “Accelerating Reforms for Growth,” the Lao GDP is estimated to have grown by 3.7 per cent in 2023, a decrease from the 5.5 per cent growth recorded in 2019.
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