Economic Impact of COVID-19 on Laos and its Policy Response

ambarish — Thu, 23 Jul 2020 09:14:59 +0000

Laos (officially Lao P.D. R.) economy is expected to be adversely affected by COVID-19 pandemic in 2020. The growth of real gross domestic product (GDP) of Laos is expected to slow down, unemployment level to increase and current account balance to remain negative due to COVID-19 this year.

In this blog post we will be focusing on economic impact of COVID-19 pandemic on Laos. We will also be looking at the fiscal and monetary policy measures taken by Laos government under following sections –

Impact of COVID-19 on Laos Economy in 2020
COVID-19 Related Fiscal Policy Measures by Laos
COVID-19 Related Monetary Policy Measures by Laos

We have covered various macroeconomic factors and PESTLE (political, economic, social, technological, legal, and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and risk analysis for Lao P.D.R. in separate 91��Ƭ�� reports.

1. Impact of COVID-19 on Laos Economy in 2020

Laos’s real gross domestic product (GDP) was LAK 1,29,534.175 billion in 2019 and due to COVID-19 outbreak it is estimated to grow by 0.723% to be around LAK 1,30,470.707 billion in 2020.

Laos’s unemployment rate was 0.626% of total labor force in 2019. Due to slowdown in global...

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Economic Impact of COVID-19 on Laos and its Policy Response

Impact of COVID-19 on Laos Economy in 2020

COVID-19 Related Fiscal Policy Measures by Laos

COVID-19 Related Monetary Policy Measures by Laos

1. Impact of COVID-19 on Laos Economy in 2020