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What is Lao PDR Economic Growth and Challenges about?

1) Lao PDR has experienced rapid economic growth of over 7% annually driven by foreign investment, agriculture, and mineral exports. 2) Inflation has declined to around 6% while the government budget deficit has shrunk, but public debt remains high at over 80% of GDP. 3) The government has drafted reforms to strengthen fiscal management, state-owned enterprises, and develop the private sector and trade, but challenges remain in sustaining revenue growth and managing risks from large infrastructure projects

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