By Souknilanh Keola

East Asia Forum-Apr 2, 2022

Lao Prime Minister Phankham Viphavanh took office in March 2021, inheriting an economy with decelerating growth since 2017 as well as the impacts of COVID-19. Between 2001 and 2016, the country’s average GDP growth rate was around 7.3 per cent. This fell below 7 per cent in 2017 and continued to decrease to around 5.4 per cent in 2019. Read more at: https://www.eastasiaforum.org/2022/04/02/averting-fiscal-crisis-in-laos/ First published in East Asia Forum