Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth
The Lao PDR Economic Monitor provides updates on macroeconomic developments and sectoral issues in the country. It is produced bi-annually and distributed widely to the government agencies, development partners, the private sector, think tanks, civ...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/677161512735183133/Lao-PDR-economic-monitor-lowering-risks-and-reviving-growth http://hdl.handle.net/10986/29030 |
| id |
okr-10986-29030 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-290302021-05-25T09:08:41Z Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth World Bank Group ECONOMIC GROWTH SOCIETY SUSTAINABLE GROWTH ANALYSIS FINANCE POLICY ECONOMIC GROWTH POWER SECTOR EXPORTS INFLATION POVERTY MACROECONOMIC POLICY FISCAL TRENDS PUBLIC DEBT MONETARY POLICY ECONOMIC OUTLOOK VULNERABILITY RISKS The Lao PDR Economic Monitor provides updates on macroeconomic developments and sectoral issues in the country. It is produced bi-annually and distributed widely to the government agencies, development partners, the private sector, think tanks, civil society organizations, and academia. Addressing macroeconomic risks remains a pressing priority while improving environment for long-term growth is a continuous agenda. To create a more stable macroeconomic environment for reforms, maintaining fiscal discipline and bolder steps towards fiscal consolidation is of utmost importance at this stage. Growth is projected to further moderate to 6.7 percent in 2017, below historical averages, but towards a more sustainable level. Continued expansion in power generation, manufacturing, and agriculture are weighed down by slight deceleration in investment, moderating credit growth, stronger controls over government spending and lower-than-expected tourism performance. Domestic demand also shows signs of slowing. Still, compared to developing East Asia and Pacific (EAP) and regional peers such as Cambodia, Thailand and Vietnam, growth remains robust. Headline inflation further declined in 2017, reflecting falling food prices and slowing aggregate demand, amidst a gradual recovery in oil prices. In this regard, the proposed 2018 best, only a modest adjustment. More meaningful consolidation will require stronger efforts to strengthening revenue collection through improved tax administration, fiscal consolidation is of utmost importance at this stage. 2017-12-18T22:03:42Z 2017-12-18T22:03:42Z 2017-12 Report http://documents.worldbank.org/curated/en/677161512735183133/Lao-PDR-economic-monitor-lowering-risks-and-reviving-growth http://hdl.handle.net/10986/29030 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Lao People's Democratic Republic |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH SOCIETY SUSTAINABLE GROWTH ANALYSIS FINANCE POLICY ECONOMIC GROWTH POWER SECTOR EXPORTS INFLATION POVERTY MACROECONOMIC POLICY FISCAL TRENDS PUBLIC DEBT MONETARY POLICY ECONOMIC OUTLOOK VULNERABILITY RISKS |
| spellingShingle |
ECONOMIC GROWTH SOCIETY SUSTAINABLE GROWTH ANALYSIS FINANCE POLICY ECONOMIC GROWTH POWER SECTOR EXPORTS INFLATION POVERTY MACROECONOMIC POLICY FISCAL TRENDS PUBLIC DEBT MONETARY POLICY ECONOMIC OUTLOOK VULNERABILITY RISKS World Bank Group Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| description |
The Lao PDR Economic Monitor provides
updates on macroeconomic developments and sectoral issues in
the country. It is produced bi-annually and distributed
widely to the government agencies, development partners, the
private sector, think tanks, civil society organizations,
and academia. Addressing macroeconomic risks remains a
pressing priority while improving environment for long-term
growth is a continuous agenda. To create a more stable
macroeconomic environment for reforms, maintaining fiscal
discipline and bolder steps towards fiscal consolidation is
of utmost importance at this stage. Growth is projected to
further moderate to 6.7 percent in 2017, below historical
averages, but towards a more sustainable level. Continued
expansion in power generation, manufacturing, and
agriculture are weighed down by slight deceleration in
investment, moderating credit growth, stronger controls over
government spending and lower-than-expected tourism
performance. Domestic demand also shows signs of slowing.
Still, compared to developing East Asia and Pacific (EAP)
and regional peers such as Cambodia, Thailand and Vietnam,
growth remains robust. Headline inflation further declined
in 2017, reflecting falling food prices and slowing
aggregate demand, amidst a gradual recovery in oil prices.
In this regard, the proposed 2018 best, only a modest
adjustment. More meaningful consolidation will require
stronger efforts to strengthening revenue collection through
improved tax administration, fiscal consolidation is of
utmost importance at this stage. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| title_short |
Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| title_full |
Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| title_fullStr |
Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| title_full_unstemmed |
Lao PDR Economic Monitor, December 2017 : Lowering Risks and Reviving Growth |
| title_sort |
lao pdr economic monitor, december 2017 : lowering risks and reviving growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/677161512735183133/Lao-PDR-economic-monitor-lowering-risks-and-reviving-growth http://hdl.handle.net/10986/29030 |
| _version_ |
1764468344735399936 |