AMRO’s 2023 Annual Consultation Report on Lao PDR
Lao PDR’s economic growth is projected to accelerate to 4.8 percent in 2023 from 4.4 percent in 2022, bolstered by the service sector.
Lao PDR’s economic growth is projected to accelerate to 4.8 percent in 2023 from 4.4 percent in 2022, bolstered by the service sector.
The Lao PDR’s economy is expected to maintain its recovery from the COVID-19-pandemic in 2023. However, currency depreciation and surging inflation are challenges to sustaining the economic recovery.
AMRO forecasts the region to grow 4.5% in 2024. Senior Economist Marthe Hinojales explains 4 main risks to this outlook.
The ASEAN+3 region is forecast to grow by 4.3 percent this year, down from July’s projection of 4.6 percent.
Watch the highlights of the ASEAN+3 Regional Economic Outlook Update – July 2023.
Singapore’s economic growth is expected to moderate to around 1.3 percent in 2023, led by resilient domestic consumption and continued growth in inbound tourism.
Malaysia’s growth is projected to moderate to 4.2 percent in 2023 against the backdrop of a global growth slowdown.
In March 2020, Japanese banks experienced stress in their U.S. dollar funding due to a liquidity crunch in the U.S. dollar funding market.