VIENTIANE: Representatives from the Lao government, private sector and international organisations convened to review Laos' macroeconomic assessment in 2025 and its outlook for 2026, highlighting persistent challenges that may impact the country's economic growth.
According to a report by Lao Economic Daily, the Lao Academy of Social and Economic Sciences (LASES) held a meeting in Vientiane on Friday.
In 2025, Laos' economy grew by 4.8 per cent, driven by higher production in electricity, services, construction and agriculture, and supported by rising domestic and export demand.
Inflation slowed significantly, averaging 7.7 per cent, down from 23.1 per cent in 2024, while exchange rates stabilised thanks to targeted government measures.
Looking ahead, 2026 is expected to be challenging due to global uncertainties, including conflicts in the Middle East, international trade tensions, and disruptions in food and energy markets.
Rising oil prices are likely to increase domestic costs, potentially affecting inflation, growth, exchange rates, labor supply and public debt.
If these conditions persist, inflation could rise to 9.7 per cent or even return to double digits in 2026, according to the report. - Xinhua
