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WebSep 23, 2024 · "Fitch views reserve adequacy as insufficient in the context of the country's managed currency regime, large import bill and external debt-servicing requirements," the rating agency said. Laos' fiscal deficit is projected to climb to about 7% of GDP in 2024 from 3.2% in 2024, according to Fitch, as government revenue declines by an estimated … WebMay 5, 2024 · Laos has experienced relatively high levels of political stability for nearly 50 years, following the end of the Indochina conflict in 1975 and the takeover of the communist Pathet Lao movement. ... Fitch Ratings downgraded the country’s Long-Term Foreign-Currency Issuer Default Rating from B- to CCC, saying that the country’s foreign ... WebMar 7, 2024 · While economic data is scarce from Laos, we think that runaway inflation in the landlocked country is a sign that the economy continues to face severe economic challenges. Laos' headline inflation rate climbed to a 23-year high of 41.3% y-o-y in February, up from 40.6% in January, due to a surge in price of fuel, gas, and other … rawhide ranch eldon mo