Lao econ­omy to post 7% growth in 2016

China Daily (Canada) - - BUSINESS -

Laos is ex­pected to main­tain eco­nomic growth of some 7 per­cent in 2016, the same rate that helped it boast one of the fastest-grow­ing economies in the East Asia and Pa­cific re­gion last year, ac­cord­ing to theWorld Bank. In 2015, its growth sawa half-per­cent­age point drop from the 7.5 per­cent posted in 2014, fu­elled by low oil prices and sub­dued in­fla­tion. Prospects for eco­nomic growth in the de­vel­op­ing na­tion of some 6.5 mil­lion peo­ple re­main strong on the back of op­por­tu­ni­ties for closer re­gional in­te­gra­tion in trans­port, trade, pro­duc­tion value chains and tourism, said the WB.

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