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Adapting to stay competitive : Cambodia economic update (English)

Robust GDP growth continues, and real growth for 2014 has been revised up by the authorities to 7.1 percent from an earlier estimate of 7.0 percent. Strong domestic demand, boosted by a construction boom and accommodated by high domestic credit growth, helps offset the moderation in export growth with the slowdown of the garment, tourism and agriculture sectors observed in the first half of 2015. As an oil importer, the country benefits from the slump in oil prices, contributing to savings on petroleum imports. In this setting, growth is projected to ease slightly, to 6.9 percent in 2015. Downside risks to this outlook include potential renewed labor discontent, further appreciation of the US dollar, a delay in economic recovery in Europe, and a hard landing of the Chinese economy.

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Details

  • Author

    Ly,Sodeth

  • Document Date

    2015/10/01

  • Document Type

    Working Paper

  • Report Number

    100537

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cambodia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2015/10/29

  • Disclosure Status

    Disclosed

  • Doc Name

    Adapting to stay competitive : Cambodia economic update

  • Keywords

    Real estate;Agriculture;milled rice;regional and global value chains;agriculture sector;paddy rice;free flow of capital;domestic credit growth;inflation;small and medium size enterprise;monitoring and evaluation mechanism;legal and regulatory framework;free flow of good;average length of stay;current account deficit;global financial crisis;foreign currency deposit;domestic demand;construction material;tourism;trade in services;private sector credit;skilled labor;manufacturing sector;tourism sector;real growth;gross fixed capital;rapid credit growth;current account balance;competition among bank;net foreign asset;wet season;broad money;export growth;finance and markets;foreign direct investment;agriculture industry;means of transportation;nominal exchange rate;land and housing;price of export;european central bank;short-term interest rate;highly skilled personnel;agricultural policy environment;economies of scale;working age population;total labor force;regional economic integration;public investment management;public safety net;petroleum product price;normal school hour;deposit interest rate;financial stability policy;labor productivity increase;government fiscal deficit;banking sector;construction boom;merchandise export;export price;trade balance;petroleum price;production base;rice variety;single market;commodity price;real gdp;export market;rice production;Exchange Rates;construction sector;deposit growth;downside risk;oil price;economic recovery;export earning;export earnings;domestic production;Capital Investments;cultivated area;rising consumption;national account;tourism receipts;international reserve;deposit rate;consumer confidence;investment inflow;external competitiveness;industrial sector;bond spread;capital inflow;Capital Inflows;money growth;Financial Sector;import growth;increasing exports;foreign liability;development partner;preferential treatment;economic expansion;real sector;monetary sector;monetary aggregate;consumption growth;rice cultivation;agricultural growth;logistics cost;constant price;import item;tourist arrival;crop production;domestic revenue;

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Citation

Ly,Sodeth

Adapting to stay competitive : Cambodia economic update (English). Cambodia economic update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/115911468188931886/Adapting-to-stay-competitive-Cambodia-economic-update