Debt-saddled Laos struggles to tame rampant inflation

Debt-saddled Laos struggles to tame rampant inflation …C0NTINUE READING HERE >>>

Laos is struggling to tame rampant inflation, with food prices rising sharply and the World Bank warning that public debt has hit unsustainable levels.
Photo: TANG CHHIN Sothy / AFP/File
Source: AFP

Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging.

At a market in Vientiane, traders told AFP they have never known business to be so slow,…

>