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Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia's Future Economic Success.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank Group.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agriculture.
- Analysis of Economic Growth.
- Economic Growth.
- Economic Management.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Footwear Industry.
- Foreign Direct Investment.
- Garment Industry.
- Industry.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Trade Policy.
- Local Subjects:
- Agriculture.
- Analysis of Economic Growth.
- Economic Growth.
- Economic Management.
- Fiscal & Monetary Policy.
- Fiscal Policy.
- Footwear Industry.
- Foreign Direct Investment.
- Garment Industry.
- Industry.
- Macroeconomic Management.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Poverty.
- Trade Policy.
- Other Title:
- Cambodia Economic Update, October 2016
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- Cambodia's economic activity continues to expand, led by solid growth in garment exports and strong construction activity. Real growth is projected to reach 7.0 percent in 2016, in line with the resilient performance across the region. The economy is projected to sustain its high growth trajectory, expanding at 6.9 percent in both 2017 and 2018 propelled by exports and government consumption. The agriculture sector is expected to improve slightly due to better weather conditions this year and to expand gradually in the near term, thanks to concerted efforts by all stakeholders, in particular the public sector. Risks, however, include potential uncertainty related to commune and general elections in 2017 and 2018, respectively, a sharp decline in the construction and real estate sector, fallout from a rise in US interest rates, regional tensions and slower global growth. Although severe drought caused by El Nino is a challenge, the downward trend of poverty is expected to continue over the next few years, albeit driven mainly by the garment, construction, and services sectors. The agriculture sector, which was the main driver of poverty reduction in the past has recently eased.
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