Laos rapid economic growth path has so far avoided macroeconomic cliffs

Laos is one of the fastest growing economies in Southeast Asia. On average the countrys economy has grown by 7.5 per cent per year and trade by 17 per cent per year since 2000, reflecting the importance of trade as a key driver of its growth. While Laos is on its way to graduating from least developed country (LDC) status, the nation still needs to overcome ongoing macroeconomic and structural challenges.