IMF: Cambodia economy to grow by 6.7 percent
Cambodia’s economic growth will stand at 6.7 percent this year and 7.2
percent in 2014, the International Monetary Fund (IMF) has forecast.
Cambodia’s economic growth will stand at 6.7 percent this year and 7.2
percent in 2014, the International Monetary Fund (IMF) has forecast.
According to the IMF, Cambodia’s economy is mainly supported by the garment industry, tourism, agriculture, real estate and construction, with the garment and textile sector continuing to play a key role, accounting for three-quarters of the country’s total export turnover.
The IMF highly valued the role played by the Cambodian Government in maintaining a stable and peaceful society, creating conditions for investment and development.
Official statistics have shown that Cambodia’s average per capita income reached nearly 1,000 USD in 2012 and is expected to increase to 1,080 USD this year.
The Cambodian Government should further reforms and economic diversification along with improving infrastructure and business environment in order to attract foreign investment, the IMF suggested.-VNA
According to the IMF, Cambodia’s economy is mainly supported by the garment industry, tourism, agriculture, real estate and construction, with the garment and textile sector continuing to play a key role, accounting for three-quarters of the country’s total export turnover.
The IMF highly valued the role played by the Cambodian Government in maintaining a stable and peaceful society, creating conditions for investment and development.
Official statistics have shown that Cambodia’s average per capita income reached nearly 1,000 USD in 2012 and is expected to increase to 1,080 USD this year.
The Cambodian Government should further reforms and economic diversification along with improving infrastructure and business environment in order to attract foreign investment, the IMF suggested.-VNA
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