Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19

Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19

Lao People’s Democratic Republic (PDR) has so far avoided a major health crisis but has not been immune from the global economic downturn. The COVID-19 (Coronavirus) induced economic downturn has affected Lao PDR through multiple channels including...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Vientiane 2020
Subjects:
ECONOMIC GROWTH
ECONOMIC OUTLOOK
RISKS
POLICY OPTIONS
PUBLIC HEALTH
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
HEALTH SERVICE DELIVERY
HEALTH FINANCING
PUBLIC FINANCIAL MANAGEMENT
FISCAL TRENDS
Online Access:http://documents.worldbank.org/curated/en/188941592987526646/Lao-PDR-Economic-Monitor-Lao-PDR-in-the-Time-of-COVID-19-Thematic-Section-Building-a-Resilient-Health-System
http://hdl.handle.net/10986/34048
id okr-10986-34048
recordtype oai_dc
spelling okr-10986-340482021-05-25T09:51:05Z Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19 World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS POLICY OPTIONS PUBLIC HEALTH CORONAVIRUS COVID-19 PANDEMIC RESPONSE HEALTH SERVICE DELIVERY HEALTH FINANCING PUBLIC FINANCIAL MANAGEMENT FISCAL TRENDS Lao People’s Democratic Republic (PDR) has so far avoided a major health crisis but has not been immune from the global economic downturn. The COVID-19 (Coronavirus) induced economic downturn has affected Lao PDR through multiple channels including tourism, trade, investment, commodity prices, exchange rates, and lower remittances. This report presents a range of growth estimates for 2020 under two scenarios. These scenarios reflect different assumptions regarding: (i) the duration and depth of outbreaks and lockdown in Lao PDR, (ii) the magnitude and effectiveness of economic relief policies, and (iii) the depth and duration of the global downturn. The COVID-19 shock has further aggravated the long-standing structural vulnerabilities in the economy. The country has a legacy of weak macroeconomic management, resulting in limited fiscal and foreign currency buffers even before the global pandemic. Limited fiscal space and the mounting pressure of deficit financing and debt servicing will limit the ability of the Government of Lao PDR (GoL) to stimulate the economy, exacerbating the downturn. 2020-07-08T16:22:31Z 2020-07-08T16:22:31Z 2020-06 Report http://documents.worldbank.org/curated/en/188941592987526646/Lao-PDR-Economic-Monitor-Lao-PDR-in-the-Time-of-COVID-19-Thematic-Section-Building-a-Resilient-Health-System http://hdl.handle.net/10986/34048 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Vientiane Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling 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
ECONOMIC OUTLOOK
RISKS
POLICY OPTIONS
PUBLIC HEALTH
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
HEALTH SERVICE DELIVERY
HEALTH FINANCING
PUBLIC FINANCIAL MANAGEMENT
FISCAL TRENDS
spellingShingle ECONOMIC GROWTH
ECONOMIC OUTLOOK
RISKS
POLICY OPTIONS
PUBLIC HEALTH
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
HEALTH SERVICE DELIVERY
HEALTH FINANCING
PUBLIC FINANCIAL MANAGEMENT
FISCAL TRENDS
World Bank
Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
geographic_facet East Asia and Pacific
Lao People's Democratic Republic
description Lao People’s Democratic Republic (PDR) has so far avoided a major health crisis but has not been immune from the global economic downturn. The COVID-19 (Coronavirus) induced economic downturn has affected Lao PDR through multiple channels including tourism, trade, investment, commodity prices, exchange rates, and lower remittances. This report presents a range of growth estimates for 2020 under two scenarios. These scenarios reflect different assumptions regarding: (i) the duration and depth of outbreaks and lockdown in Lao PDR, (ii) the magnitude and effectiveness of economic relief policies, and (iii) the depth and duration of the global downturn. The COVID-19 shock has further aggravated the long-standing structural vulnerabilities in the economy. The country has a legacy of weak macroeconomic management, resulting in limited fiscal and foreign currency buffers even before the global pandemic. Limited fiscal space and the mounting pressure of deficit financing and debt servicing will limit the ability of the Government of Lao PDR (GoL) to stimulate the economy, exacerbating the downturn.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
title_short Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
title_full Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
title_fullStr Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
title_full_unstemmed Lao PDR Economic Monitor, June 2020 : Lao PDR in the Time of COVID-19
title_sort lao pdr economic monitor, june 2020 : lao pdr in the time of covid-19
publisher World Bank, Vientiane
publishDate 2020
url http://documents.worldbank.org/curated/en/188941592987526646/Lao-PDR-Economic-Monitor-Lao-PDR-in-the-Time-of-COVID-19-Thematic-Section-Building-a-Resilient-Health-System
http://hdl.handle.net/10986/34048
_version_ 1764480070976536576

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