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Lao PDR Economic Monitor - Fiscal Policy for Stability : Thematic Session - Improving Revenue Mobilization (الإنجليزية)

Despite persistent macroeconomic instability, economic growth continued to recover in 2023, underpinned largely by a steady improvement in the service sector. GDP growth is forecast at 3.7 percent in 2023, slightly down from the projection in May 2023, primarily reflecting higher-than-expected kip depreciation and inflation, labor shortages, and unfavorable weather. Nevertheless, growth is still expected to have picked up in 2023, when compared to...
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