Macro - Country Economic Forecasts - Laos

Macro - Country Economic Forecasts - Laos

We have reduced our 2024 GDP growth forecast by 1.9ppts to 4.3%. This reflects the fall in real household income due to lofty inflation rates caused by a depreciation of the kip. We expect 2024 GDP growth to be constrained by structural challenges, though we anticipate a recovery will kick start in 2025, when the GDP growth rate is expected to reach 4.3% and rise to 4.6% in 2026.

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