(MENAFN) The South-East Asian nation of Laos is forecasted to keep an economic growth rate of some 7 percent in 2016, based on the latest reports.
In accordance, this is the exactly the same rate that helped it boast one of the fastest developing economies in the East Asia and Pacific region last year.
Economy's growth rate in 2015 saw a half-pct. point dip from the 7.5pct logged in 2014 in an environment accompanied by low oil prices and subdued inflation.
Prospects for growth in the developing nation stay strong due to chances for closer regional integration in trade, production value chains and tourism.
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