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Lao PDR economic monitor : impact of the global financial crisis and recent economic developments (英语)

Gross domestic product (GDP) growth in Lao People' s Democratic Republic (PDR) is less affected by the global financial crisis than in many of its neighbors. The crisis is transmitted mainly through foreign direct investment (FDI), and prices and demand for exports. As a result, the real GDP growth is projected to slow to 5 percent in 2009 but remains fairly robust. The inflation has been low in recent months due to lower imported commodity prices. South-East Asian (SEA) games related spending and recent high credit growth while acting as a stimulus have started to jeopardize balance of payments stability. After significant appreciation in 2008, kip exchange rates remained fairly stable against major foreign currencies, but at a cost of sharp fall in reserves. Government of Lao's (GOL) budget deficit is expected to rise in FY2009 due to the crisis and increased spending. The main challenge going forward is to maintain macroeconomic stability while dealing with crisis impacts and expenditure pressures.

详细

  • 文件日期

    2009/06/01

  • 文件类型

    最新经济报告和模型制作

  • 报告号

    53242

  • 卷号

    1

  • Total Volume(s)

    1

  • 国家

    老挝,

  • 地区

    东亚与太平洋区,

  • 发布日期

    2010/03/02

  • Disclosure Status

    Disclosed

  • 文件名称

    Lao PDR economic monitor : impact of the global financial crisis and recent economic developments

  • 关键词

    global financial crisis;credit growth;percent change;inflation;current account deficit;rapid growth in credit;budget deficit;resource sector;Exchange Rates;global economic crisis;broad money;commodity price;Mining;nominal exchange rate;decline in revenue;stable exchange rate;prudent fiscal policy;expansionary monetary policy;prioritization of expenditures;private sector competitiveness;exchange rate policy;demand for import;currency in circulation;Exchange rate policies;natural resource sector;real time information;foreign direct investment;export of goods;global development finance;global economic outlook;public external debt;balance of payment;prices of import;food processing industry;net indirect tax;exchange rate adjustment;current account balance;growth in agriculture;risk of debt;local infrastructure development;dollar exchange rate;exchange rate intervention;domestic public debt;Macroeconomic Stability;banking sector;public wage;real gdp;capital account;global commodity;commercial bank;Fiscal Sustainability;expenditure pressures;tourism sector;capital good;global economy;bank lending;external demand;fiscal deficit;average wage;domestic consumption;capital imports;export value;expenditure increase;foreign currency;food price;Financial Sector;total credit;market intervention;banking system;capital inflow;monetary expansion;Capital Inflows;oil price;work shift;dollar term;contingent liabilities;contingent liability;general manufacturing;global condition;long-term growth;retail trade;heavily dependent;world trade;consumer price;savings deposit;demand deposit;donor funding;reduced work;inflation growth;copper on plant;domestic financing;agricultural crop;enterprise survey;tourism revenue;corporate sector;urban districts;work force;limited resources;response plan;domestic arrears;finance strategy;external support;payment crisis;fiscal space;small country;infrastructure spending;additional revenue;domestic debt;expansionary fiscal;bond issue;import price;tourism receipts;excise tax;medium-term macroeconomic;travel agency;international reserve;firm survey;tourism resource;agricultural output;upward pressure;tourism business;monetary economic;economic reform;investment climate;core inflation;trade datum;real sector;fiscal management;present value;garment industry;raw material;consumer product;agricultural price;tax payment;export volume;fuel import;export growth;electricity export;multilateral creditor;bilateral creditor;debt debt;Fiscal policies;policy stance;fiscal stability;debt stock;nontax revenue;approved plan;profit tax;donor community;stock market;copper price;economic recession;global recession;loan portfolio;donor activities;foreign reserve;process industry;Natural Resources;government's policy;public entity;hydropower development;debt service;domestic borrowing;wood product;export demand;agricultural produce;manufactured export;medium-term outlook;deposit ratio;local economy;

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