Laos faces structural issues despite robust expansion
LAOS IS STILL grappling with several challenges and pending issues impeding macroeconomic development despite robust expansion of the country’s economy when compared to regional peers.
Macroeconomic instability remains a worry even though Laos’s economic growth rate has been relatively high compared to that of other Asean countries.
The growth rate is still vulnerable and unsustainable because the resource sector remains predominant in the growth structure and electricity and construction are capital intensive rather than labour intensive, according to a report from the Ministry of Investment and Planning.
Vientiane Times
