Laos' Economic Woes Will Continue In 2024 – The Diplomat
Given their connection to structural features of communist rule, there will be no quick respite from the economic woes.
Source: thediplomat.com
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Given their connection to structural features of communist rule, there will be no quick respite from the economic woes.
The ruling Lao People’s Revolutionary Party has grossly mishandled the economy, but there is no political alternative – at least for now.
While inflation is projected to fall in 2023, there is no quick fix to the country’s economic troubles.
Up to $30 billion in financing is potentially on the table – most of it from China.
A month after his appointment, Sonexay Siphandone has given some indication of how he plans to tackle the country’s severe economic challenges.