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Resilience amidst a challenging environment : Cambodia economic update (English)

According to the June 2013 global economic prospects, the global economic environment remains fragile, although the balance of risks is now less skewed to the downside than it has been in recent years. The US has been signaling an exit from quantitative easing. Developing country currencies have come under pressure, and their interest rates have been on the rise, contributing to inflation and weaker growth. This may complicate in particular those economies that have seen big increases in credit during the period when interest rates were low, or where current account and government deficits are high. Developing economies remain the main driver of global growth, but their output has slowed compared with the pre-crisis period. The Cambodian economy remains robust amidst the challenging global economic environment, and prospects for meeting the growth projection of 7 percent in 2013 appear favorable. In sum, the key messages include: (a) sustain robust growth by promoting diversification and enhancing competitiveness; (b) maintain banking and financial stability with effective supervision; and (c) improve fiscal management by increasing revenue and more efficient spending.

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Details

  • Author

    Aldaz-Carroll,Enrique, Ly,Sodeth

  • Document Date

    2013/09/01

  • Document Type

    Economic Updates and Modeling

  • Report Number

    81787

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Cambodia,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2013/10/11

  • Disclosure Status

    Disclosed

  • Doc Name

    Resilience amidst a challenging environment : Cambodia economic update

  • Keywords

    inflation;consumer price index;national institute of statistic;assets of deposit money bank;current account deficit;foreign direct investment;Exchange Rates;international reserve;negotiable certificate of deposit;lender of last resort;real effective exchange rate;international labor organization;Agriculture;tourist arrival;foreign currency deposit;milled rice;food price;number of banks;output per worker;balance of payment;exchange rate intervention;import of goods;external debt burden;dollar term;agriculture sector;tourism sector;adaptation to change;barrel of oil;dollar exchange rate;domestic financial system;asset price bubble;current account balance;competition among bank;basket of good;foreign central bank;official exchange rate;agriculture and irrigation;domestic public debt;net domestic assets;external public debt;net domestic credit;private sector credit;net foreign asset;currency in circulation;real estate market;foreign capital inflow;store of value;real growth;rural area;monetary policy;commodity price;broad money;fiscal deficit;government deposit;monetary sector;credit growth;Macroeconomic Policy;external shock;real gdp;rice production;export market;import growth;garment production;import product;personal care;financial account;investor interest;inflation measure;medical supply;agricultural product;total employment;petroleum import;Fiscal Stimulus;domestic revenue;trade deficit;industry sector;financial market;minimum wage;dry season;foreign liability;stable price;oil price;regional inflation;metal price;agricultural growth;Capital Inflows;weather condition;fiscal balance;banking system;government deficit;political uncertainty;fiscal management;import demand;money growth;global economy;market rate;income source;consumption good;import item;capital ratio;deposit growth;dominant currency;petroleum product;tourist market;macroeconomic performance;monetary instrument;export growth;domestic bank;import substitution;rural employment;balanced budget;constant price;debt sustainability;monetary authority;reserve position;reserve requirement;dollar deposit;world economy;policy tool;general elections;Fiscal policies;fiscal policy;risk dimension;foreign reserve;Clearing houses;interest income;financial security;money stock;General Administration;budget deficit;construction investment;quality growth;Macroeconomic Stability;fiscal space;government's policy;fund account;budget allocation;financial deepening;public expenditure;Public Spending;fertilizer price;global growth;external price;financing need;trade balance;high commodity;global market;administrative support;living condition;factory worker;fiscal data;shared benefit;agricultural sector;rice price;supply condition;domestic export;minimum salary;enhancing competitiveness;Financial Stability;effective supervision;Fiscal Sustainability;central bankers;product category;paddy rice;housing maintenance;agriculture production;banking sector;real sector;executive board;Labor migration;agricultural production;increased access;construction material;financial risk;foreign financing;rice milling;wet season;money supply;minimum capital;rice crop;production cost;increased supply;weak demand;global stock;industrial commodity;capital expenditure;excessive capital;inflationary pressure;capacity constraint;inflation pressures;cultivated area;nominal depreciation;rising inflation;capital flow;downside risk;euro zone;global financial;employment share;destination market;industrialization process;capital requirement;material imports;narrow band;rice cultivation;weighted average;inflation rate;open economy;development partner;private finance;agricultural process;total credit;export data;macroeconomic development;food component;business credit;export industry;distribution list;farm input;capital account;oil product;comparative advantage;

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Citation

Aldaz-Carroll,Enrique Ly,Sodeth

Resilience amidst a challenging environment : Cambodia economic update (English). Cambodia Economic Update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/148311468021286372/Resilience-amidst-a-challenging-environment-Cambodia-economic-update