Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013
The Lao economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction or development phase), construction, food processing, and services sectors remain the major cont...
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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
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2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17956382/lao-pdr-economic-monitor-sustaining-growth-maintaining-macroeconomic-stability http://hdl.handle.net/10986/16594 |
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okr-10986-165942021-04-23T14:03:30Z Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 World Bank SECURITIES CLEARANCE & SETTLEMENT INFORMATION TECHNOLOGY SEWERAGE HOUSING FINANCE & REAL ESTATE MARKETS POSTAL SERVICES MEDIA PAYMENT SYSTEMS The Lao economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction or development phase), construction, food processing, and services sectors remain the major contributors to this growth. Overall inflation has risen considerably since the end of 2012, due to a notable increase in non-rice food prices. The fiscal deficit as a ratio to gross domestic product (GDP) is expected to widen in FY2012-2013. Therefore, containing aggregate demand through fiscal and credit growth management is essential to maintain macroeconomic balances while exchange rate management needs to be measured given the pressures on reserves and competitiveness. As the banking sector continues to expand and credit growth remains relatively high, bank supervision capacity needs to be strengthened. Lao People's Democratic Republic's (PDR's) robust economic performance and expansionary fiscal policy calls for a bolder investment in social sector spending. This paper is divided into following two parts: part one gives recent economic developments; and part two presents sector focus. 2014-01-17T22:40:43Z 2014-01-17T22:40:43Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/17956382/lao-pdr-economic-monitor-sustaining-growth-maintaining-macroeconomic-stability http://hdl.handle.net/10986/16594 English en_US Lao PDR economic monitor;June 2013 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ 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 en_US |
| topic |
SECURITIES CLEARANCE & SETTLEMENT INFORMATION TECHNOLOGY SEWERAGE HOUSING FINANCE & REAL ESTATE MARKETS POSTAL SERVICES MEDIA PAYMENT SYSTEMS |
| spellingShingle |
SECURITIES CLEARANCE & SETTLEMENT INFORMATION TECHNOLOGY SEWERAGE HOUSING FINANCE & REAL ESTATE MARKETS POSTAL SERVICES MEDIA PAYMENT SYSTEMS World Bank Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| relation |
Lao PDR economic monitor;June 2013 |
| description |
The Lao economy is projected to grow at
8 percent in 2013. The hydropower sector (both completed
projects in operation and projects in the construction or
development phase), construction, food processing, and
services sectors remain the major contributors to this
growth. Overall inflation has risen considerably since the
end of 2012, due to a notable increase in non-rice food
prices. The fiscal deficit as a ratio to gross domestic
product (GDP) is expected to widen in FY2012-2013.
Therefore, containing aggregate demand through fiscal and
credit growth management is essential to maintain
macroeconomic balances while exchange rate management needs
to be measured given the pressures on reserves and
competitiveness. As the banking sector continues to expand
and credit growth remains relatively high, bank supervision
capacity needs to be strengthened. Lao People's
Democratic Republic's (PDR's) robust economic
performance and expansionary fiscal policy calls for a
bolder investment in social sector spending. This paper is
divided into following two parts: part one gives recent
economic developments; and part two presents sector focus. |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| title_short |
Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| title_full |
Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| title_fullStr |
Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| title_full_unstemmed |
Sustaining Growth, Maintaining Macroeconomic Stability : Lao PDR Economic Monitor, June 2013 |
| title_sort |
sustaining growth, maintaining macroeconomic stability : lao pdr economic monitor, june 2013 |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/17956382/lao-pdr-economic-monitor-sustaining-growth-maintaining-macroeconomic-stability http://hdl.handle.net/10986/16594 |
| _version_ |
1764433785421561856 |