Lao People's Democratic Republic: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Lao People's Democratic Republic
February 15, 2017
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This 2016 Article IV Consultation highlights that the real GDP growth of Lao People’s Democratic Republic is expected to moderate from 7.5 percent in 2015 to 7 percent in 2016. Domestic activity has slowed following a less favorable external environment, and credit growth has also moderated from a high level. As growth continues to moderate in the near-term, inflation is projected to remain in low single digits. The current account deficit is projected to widen to about 19 percent of GDP in 2017 owing to the execution of large infrastructure projects with foreign direct investment.
Subject: Commercial banks, Economic and financial statistics, Exchange rates, External debt, Financial institutions, Foreign exchange, Government finance statistics, Public debt
Keywords: Commercial banks, CR, current account, debt, Exchange rates, Global, Government finance statistics, growth slowdown, IMF HQ team, ISCR, Lao authorities, Lao P.D.R. authorities, managed float, management law, Mekong, private sector development, sovereign bond
Pages:
72
Volume:
2017
DOI:
Issue:
053
Series:
Country Report No. 2017/053
Stock No:
1LAOEA2017001
ISBN:
9781475579451
ISSN:
1934-7685
