Cambodian economy to contract 2.1 percent this year
The Cambodian economic growth rate
would contract 2.1 percent this year due to impacts from the global
economic crisis, said a senior official from the Cambodian Economic and
Finance Ministry.
The Cambodian economic growth rate
would contract 2.1 percent this year due to impacts from the global
economic crisis, said a senior official from the Cambodian Economic and
Finance Ministry.
The slowdown was partly due to decline in foreign investment in the country, which affected Cambodia ’s trade balance, said Hong Chuonarun, the ministry’s secretary general and vice chairman of the national economic advisory board.
Other affected industries include textiles and garment, agriculture and tourism.
The government has strived to boost economic growth in the remaining months of this year by carrying out the second quadrangle strategy with the aim of ensuring social stability, enhancing private economic development and generating more jobs, and developing monetary-financial market./.
The slowdown was partly due to decline in foreign investment in the country, which affected Cambodia ’s trade balance, said Hong Chuonarun, the ministry’s secretary general and vice chairman of the national economic advisory board.
Other affected industries include textiles and garment, agriculture and tourism.
The government has strived to boost economic growth in the remaining months of this year by carrying out the second quadrangle strategy with the aim of ensuring social stability, enhancing private economic development and generating more jobs, and developing monetary-financial market./.
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