OPINION
NEWS
REGIONS
WORLD
BUSINESS
SPORTS
ENTERTAINMENT
LIFESTYLE
THE SUNDAY TIMES
SPECIAL FEATURES
SPECIAL SECTIONS
TMT NEWSWIRE
FAST TIMES
LEGAL ADVICE
CAMPUS PRESS
VIDEOS
EXPATS & DIPLOMATS
PHOTOS
BUSINESS FORUM
PODCASTS
RESOURCES
WEATHER
MARKET OVERVIEW
CLASSIFIEDS
EXAM RESULTS
TMT DIGITAL EDITION
TMT CSI
TMT 126TH ANNIVERSARY
QUIZZES
GAMES
Opinion > World
Debt-saddled Laos struggles to tame rampant inflation
By Agence France-Presse
Nov 20, 2024 12:02 am

VIENTIANE — 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, as families have seen the value of their money collapse since Covid-19.

Related Articles

We can and must do our best

How Syria's crisis is rewriting Europe's strategy

UAE warily eyes new leaders of post-Assad Syria

The fall and rise of American democracy

Trump's economic gambit: BRICS, tariffs and global stakes

Australian social media ban started with call to act by politician's wife

The overlooked crisis of domestic violence in the workforce