Debt-saddled Laos struggles to tame rampant inflation


Laos has found itself incapable of putting the brakes on inflation. - Photo: AFP

VIENTIANE: Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

At a market in Vientiane, traders told AFP they have never known business to be so slow, as families have seen the value of their money collapse since Covid-19.

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Laos , debt-saddled , struggle , rampant inflation

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