October 2005
Asia Monitor: South East Asia Monitor Volume 1;Oct2005, Vol. 16 Issue 10, p7
Country Report
Country Report
The article presents statistical information and forecasts related to economic indicators of Laos during the period 2003-06. Real gross domestic product growth is likely to strengthen in 2005-06 to around 6% compared with around 5.5% in 2004. Nevertheless, this is still significantly below the 7-7.5% target announced in the new five-year plan. Stronger economic growth is likely to flow from the decision by the U.S. government to grant Laos normal trade relations status, which should boost industrial output and exports, notwithstanding concerns about industrial competitiveness.


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