Economic growth in Lao PDR is estimated at 6.5% in 2018, down from 6.9% in 2017, in part due to the adverse impact of the recent widespread floods. The construction of infrastructure, export of electricity, and service sector have been the main drivers of growth in 2018. The medium-term economic outlook is positive but subject to risks, according to the latest edition of the World Bank¡¯s Lao Economic Monitor. Investment in the nation's human capital will be critical to Lao PDR's long-term growth prospects.
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