Bank lending slows amid economic downturn in Laos
VIENTIANE (Vientiane Times/ANN) – The injection of bank credit into the economy continues to slow despite government measures to improve the investment climate for the private sector.
According to a recent government report, credit growth further moderated to 3.13 percent over the past three months of this year, representing only 46.32 percent of Gross Domestic Product (GDP).
Credit growth was lower than the targeted 55 percent of GDP approved by the National Assembly and after peaking several years ago.
Somsack Pongkhao
http://annx.asianews.network/content/bank-lending-slows-amid-economic-downturn-laos-100123
