Economy / Laos
Macroeconomic Forecast Laos
July 2004 | Macroeconomic ForecastsThe Lao economy will expand 5.5-6.0% in 2004-05, according to BMI forecasts. This is premised on continued strong growth in trade with China, Thailand and Vietnam, rising private investment, and a pick-up in the tourism sector. Public investment is likely to remain weak over the next two years. The government is moving to introduce a value-added tax but it is unclear when this will happen and it will take time to bed down. The outlook for
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