Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty
The Lao PDR economy continues to grow vigorously at 8 percent this year despite the impact of typhoons and slower growth in the global economy. That being said, the country's growth estimate was revised slightly downwards to 8 percent from an...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Vientiane
2017
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| Online Access: | http://documents.worldbank.org/curated/en/325321468088454209/Lao-PDR-economic-monitor-sustaining-growth-coping-with-rising-uncertainty http://hdl.handle.net/10986/26662 |
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okr-10986-26662 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
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ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE AVERAGE OIL PRICE BALANCE OF PAYMENT BANK DEBT BANK LIQUIDITY BANK OFFICE BROAD MONEY BUDGET CONSTRAINTS BUDGET DEFICIT CAPITAL ACCOUNT CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL INFLOWS CENTRALIZATION COMMODITY COMMODITY EXPORT COMMODITY PRICE CONSUMER GOODS CONSUMER PRICE INDEX CONSUMERS CONSUMPTION GOODS CORE INFLATION CREDIT GROWTH CREDITS CURRENCY CURRENCY BOARDS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT SURPLUS DEBT DEBT CRISIS DEBT OUTSTANDING DEBT SERVICE DEBT SERVICE RATIOS DEBT SOURCE DEBT SUSTAINABILITY DEFICITS DEPOSIT DEPRECIATION DEVELOPING ECONOMIES DISBURSEMENT DIVIDEND DOMESTIC DEMAND ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMIES EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCISE TAX EXPENDITURE EXPORT EARNINGS EXPORTS EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL SECTOR FISCAL DEFICIT FISCAL EXPENDITURES FOOD PRICES FOREIGN ASSET FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENTS FUTURES FUTURES MARKETS GDP GDP DEFLATOR GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GOLD GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH PROJECTIONS HIGH INFLATION IMPORT INCOME INFLATION INFLATIONARY PRESSURE INFRASTRUCTURE PROJECTS INTEREST PAYMENTS INTERNATIONAL RESERVES INVESTMENT PROJECTS LDCS LEVEL OF DEBT M2 MACROECONOMIC POLICY MAJOR CURRENCIES MONETARY FUND NATURAL DISASTERS NON-PERFORMING LOAN NPL OIL COMMODITIES OIL PRICE OUTPUT PORTFOLIO PORTFOLIO INVESTMENT PRICE MOVEMENTS PRICE VOLATILITY PUBLIC DEBT PURCHASING POWER PURCHASING POWER PARITY RAPID EXPANSION REAL GDP REMOTE AREAS REPATRIATION RESERVE RESERVE REQUIREMENTS RETAIL TRADING RISK OF DEBT SECURITIES SHORT-TERM DEPOSITS SLOWDOWN STOCK EXCHANGE STRONG CAPITAL INFLOWS SUSTAINABILITY ANALYSIS TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TERM DEPOSITS TOTAL DEPOSIT TOTAL EXTERNAL DEBT TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADE SECTORS TRADE SURPLUS TRADING PARTNERS UNCERTAINTY VALUE ADDED WEIGHTS WORLD DEVELOPMENT INDICATORS WORLD TRADE |
| spellingShingle |
ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE AVERAGE OIL PRICE BALANCE OF PAYMENT BANK DEBT BANK LIQUIDITY BANK OFFICE BROAD MONEY BUDGET CONSTRAINTS BUDGET DEFICIT CAPITAL ACCOUNT CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL INFLOWS CENTRALIZATION COMMODITY COMMODITY EXPORT COMMODITY PRICE CONSUMER GOODS CONSUMER PRICE INDEX CONSUMERS CONSUMPTION GOODS CORE INFLATION CREDIT GROWTH CREDITS CURRENCY CURRENCY BOARDS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT SURPLUS DEBT DEBT CRISIS DEBT OUTSTANDING DEBT SERVICE DEBT SERVICE RATIOS DEBT SOURCE DEBT SUSTAINABILITY DEFICITS DEPOSIT DEPRECIATION DEVELOPING ECONOMIES DISBURSEMENT DIVIDEND DOMESTIC DEMAND ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMIES EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCISE TAX EXPENDITURE EXPORT EARNINGS EXPORTS EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL SECTOR FISCAL DEFICIT FISCAL EXPENDITURES FOOD PRICES FOREIGN ASSET FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENTS FUTURES FUTURES MARKETS GDP GDP DEFLATOR GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GOLD GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH PROJECTIONS HIGH INFLATION IMPORT INCOME INFLATION INFLATIONARY PRESSURE INFRASTRUCTURE PROJECTS INTEREST PAYMENTS INTERNATIONAL RESERVES INVESTMENT PROJECTS LDCS LEVEL OF DEBT M2 MACROECONOMIC POLICY MAJOR CURRENCIES MONETARY FUND NATURAL DISASTERS NON-PERFORMING LOAN NPL OIL COMMODITIES OIL PRICE OUTPUT PORTFOLIO PORTFOLIO INVESTMENT PRICE MOVEMENTS PRICE VOLATILITY PUBLIC DEBT PURCHASING POWER PURCHASING POWER PARITY RAPID EXPANSION REAL GDP REMOTE AREAS REPATRIATION RESERVE RESERVE REQUIREMENTS RETAIL TRADING RISK OF DEBT SECURITIES SHORT-TERM DEPOSITS SLOWDOWN STOCK EXCHANGE STRONG CAPITAL INFLOWS SUSTAINABILITY ANALYSIS TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TERM DEPOSITS TOTAL DEPOSIT TOTAL EXTERNAL DEBT TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADE SECTORS TRADE SURPLUS TRADING PARTNERS UNCERTAINTY VALUE ADDED WEIGHTS WORLD DEVELOPMENT INDICATORS WORLD TRADE World Bank Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| geographic_facet |
East Asia and Pacific Lao People's Democratic Republic |
| description |
The Lao PDR economy continues to grow
vigorously at 8 percent this year despite the impact of
typhoons and slower growth in the global economy. That being
said, the country's growth estimate was revised
slightly downwards to 8 percent from an early estimate of
8.6 percent to account for (i) the adverse impact on
agriculture by the typhoons Haima and Nock ten during the
second half of the year as well as the adverse impact of the
current flooding in Thailand on Lao PDR's tourism and
trade sectors; (ii) an upward revision of 2010 Goss Domestic
Product (GDP) due to a higher than anticipated output of
electricity generation from the Nam Theun 2 project; and
(iii) the commencement of operations at the Nam Ngum 2
hydropower dam. The mining sector's contribution to
growth in 2011 is expected to slow according to company
production plans and actual outputs in the first 3 quarters
of this year. The manufacturing sector is projected to grow
at 15 percent driven by garment, construction materials, and
food and beverage production. The garment sector started
shifting production towards higher value-added products and
began benefiting this year from the European Union (EU)
relaxing material sourcing regulations for LDCs. The
services sector is also benefiting from higher domestic
demand, particularly for wholesale, retail trading and
telecommunications. With significant challenges and risks
ahead - increasing uncertainties, particularly on signs of
spreads of debt concerns in Europe, over-heating in emerging
economies (high inflation) and price volatility, global
economic growth is projected to slow in 2011 and 2012.
Emerging and developing economies are projected to
experience healthy growth in the near term. Challenges lie
on two main fronts, i.e. rebalancing from public to private
demand, particularly in advanced economies and rebalancing
domestic demand, particularly in emerging and developing
economies in order to promote resilience to external shocks
and further reduce inflationary pressures. This paper bases
its country-level projections for Lao PDR's Foreign
Direct Investment (FDI) and export demand on International
Monetary Fund (IMF) and the World Bank's projections
(EAP Update Nov-2011) for the regional and global economic
outlook and commodity prices. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| title_short |
Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| title_full |
Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| title_fullStr |
Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| title_full_unstemmed |
Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty |
| title_sort |
lao pdr economic monitor, december 2011 : sustaining growth coping with rising uncertainty |
| publisher |
World Bank, Vientiane |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/325321468088454209/Lao-PDR-economic-monitor-sustaining-growth-coping-with-rising-uncertainty http://hdl.handle.net/10986/26662 |
| _version_ |
1764462468278517760 |
| spelling |
okr-10986-266622021-04-23T14:04:37Z Lao PDR Economic Monitor, December 2011 : Sustaining Growth Coping with Rising Uncertainty World Bank ADVANCED ECONOMIES ADVERSE IMPACT AGRICULTURE AVERAGE OIL PRICE BALANCE OF PAYMENT BANK DEBT BANK LIQUIDITY BANK OFFICE BROAD MONEY BUDGET CONSTRAINTS BUDGET DEFICIT CAPITAL ACCOUNT CAPITAL GOODS CAPITAL GOODS IMPORTS CAPITAL INFLOWS CENTRALIZATION COMMODITY COMMODITY EXPORT COMMODITY PRICE CONSUMER GOODS CONSUMER PRICE INDEX CONSUMERS CONSUMPTION GOODS CORE INFLATION CREDIT GROWTH CREDITS CURRENCY CURRENCY BOARDS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT SURPLUS DEBT DEBT CRISIS DEBT OUTSTANDING DEBT SERVICE DEBT SERVICE RATIOS DEBT SOURCE DEBT SUSTAINABILITY DEFICITS DEPOSIT DEPRECIATION DEVELOPING ECONOMIES DISBURSEMENT DIVIDEND DOMESTIC DEMAND ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE EMERGING ECONOMIES EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATE POLICY EXCISE TAX EXPENDITURE EXPORT EARNINGS EXPORTS EXTERNAL BALANCE EXTERNAL DEBT EXTERNAL SHOCKS FINANCIAL SECTOR FISCAL DEFICIT FISCAL EXPENDITURES FOOD PRICES FOREIGN ASSET FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENTS FUTURES FUTURES MARKETS GDP GDP DEFLATOR GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GOLD GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH PROJECTIONS HIGH INFLATION IMPORT INCOME INFLATION INFLATIONARY PRESSURE INFRASTRUCTURE PROJECTS INTEREST PAYMENTS INTERNATIONAL RESERVES INVESTMENT PROJECTS LDCS LEVEL OF DEBT M2 MACROECONOMIC POLICY MAJOR CURRENCIES MONETARY FUND NATURAL DISASTERS NON-PERFORMING LOAN NPL OIL COMMODITIES OIL PRICE OUTPUT PORTFOLIO PORTFOLIO INVESTMENT PRICE MOVEMENTS PRICE VOLATILITY PUBLIC DEBT PURCHASING POWER PURCHASING POWER PARITY RAPID EXPANSION REAL GDP REMOTE AREAS REPATRIATION RESERVE RESERVE REQUIREMENTS RETAIL TRADING RISK OF DEBT SECURITIES SHORT-TERM DEPOSITS SLOWDOWN STOCK EXCHANGE STRONG CAPITAL INFLOWS SUSTAINABILITY ANALYSIS TAX TAX REVENUE TAXATION TELECOMMUNICATIONS TERM DEPOSITS TOTAL DEPOSIT TOTAL EXTERNAL DEBT TOTAL REVENUE TRADE BALANCE TRADE DEFICIT TRADE SECTORS TRADE SURPLUS TRADING PARTNERS UNCERTAINTY VALUE ADDED WEIGHTS WORLD DEVELOPMENT INDICATORS WORLD TRADE The Lao PDR economy continues to grow vigorously at 8 percent this year despite the impact of typhoons and slower growth in the global economy. That being said, the country's growth estimate was revised slightly downwards to 8 percent from an early estimate of 8.6 percent to account for (i) the adverse impact on agriculture by the typhoons Haima and Nock ten during the second half of the year as well as the adverse impact of the current flooding in Thailand on Lao PDR's tourism and trade sectors; (ii) an upward revision of 2010 Goss Domestic Product (GDP) due to a higher than anticipated output of electricity generation from the Nam Theun 2 project; and (iii) the commencement of operations at the Nam Ngum 2 hydropower dam. The mining sector's contribution to growth in 2011 is expected to slow according to company production plans and actual outputs in the first 3 quarters of this year. The manufacturing sector is projected to grow at 15 percent driven by garment, construction materials, and food and beverage production. The garment sector started shifting production towards higher value-added products and began benefiting this year from the European Union (EU) relaxing material sourcing regulations for LDCs. The services sector is also benefiting from higher domestic demand, particularly for wholesale, retail trading and telecommunications. With significant challenges and risks ahead - increasing uncertainties, particularly on signs of spreads of debt concerns in Europe, over-heating in emerging economies (high inflation) and price volatility, global economic growth is projected to slow in 2011 and 2012. Emerging and developing economies are projected to experience healthy growth in the near term. Challenges lie on two main fronts, i.e. rebalancing from public to private demand, particularly in advanced economies and rebalancing domestic demand, particularly in emerging and developing economies in order to promote resilience to external shocks and further reduce inflationary pressures. This paper bases its country-level projections for Lao PDR's Foreign Direct Investment (FDI) and export demand on International Monetary Fund (IMF) and the World Bank's projections (EAP Update Nov-2011) for the regional and global economic outlook and commodity prices. 2017-05-19T15:21:56Z 2017-05-19T15:21:56Z 2011-12 Report http://documents.worldbank.org/curated/en/325321468088454209/Lao-PDR-economic-monitor-sustaining-growth-coping-with-rising-uncertainty http://hdl.handle.net/10986/26662 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Vientiane Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Lao People's Democratic Republic |