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Lao PDR economic monitor : recent economic developments (Laosiano)

The Lao economy has performed relatively well in the midst of the global financial crisis, supported by higher than initially forecasted commodity prices and significant expansion in public outlays which have acted as a fiscal stimulus. The impact of the global financial crisis is felt through declining commodity export earnings, reduced Foreign Direct Investment (FDI) inflows and remittance income, as well as a decline in non-resource exports, especially...
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