adb forecasts cambodia\s growth at 7 this year
Last Updated : GMT 22:49:54
Arab Today, arab today
Arab Today, arab today

ADB forecasts Cambodia\'s growth at 7% this year

Arab Today, arab today

Arab Today, arab today ADB forecasts Cambodia\'s growth at 7% this year

Phnom Penh - XINHUA

Growth in Cambodia is set to ease moderately in 2014 before picking up in 2015 on the back of buoyant exports and robust agriculture and service sectors, a new Asian Development Bank (ADB) report said Tuesday. The ADB Outlook 2014 said Cambodia's economic growth will moderate to 7 percent this year from 7.2 percent last year, with a subsequent edging up to 7.3 percent next year. "Despite political uncertainty and the risk of further labor market tension, Cambodia is expected to exhibit healthy economic growth over the next two years, reflecting stronger exports, growing services, and strengthening economic recovery in the major industrial economies," said Eric Sidgwick, ADB country director for Cambodia. The expected slowdown in 2014 reflects political tensions since national elections in July 2013 and strikes for higher wages by garment workers that dented investors' confidence and disrupted some production of garments and footwear in late 2013 and early 2014, the bank's outlook said. "These uncertainties could dampen investment and weigh on tourism, construction and real estate activity this year," it said. The bank noted that net foreign direct investment inflows were buoyant at 1.3 billion U.S. dollars in 2013, though that figure represents a slight decline from the previous year. In 2014, growth in industry driven by exports of garments and footwear to the United States and European Union is projected to ease to 8.7 percent from 10.5 percent the year before, it said. Services sector growth is expected to moderate to 7.1 percent this year from 8.4 percent last year, it added. Assuming favorable weather, agriculture is seen recovering from last year's floods to grow by 4.7 percent from 1.8 percent. According to the bank, the prospect for higher growth looks brighter for 2015, supported by stronger economic recovery predicted for the EU and the United States--Cambodia's main export markets. Average inflation is anticipated to edge up to 3.5 percent, and remain around this rate in 2015 as economic growth picks up, the bank said. Cambodian Prime Minister Hun Sen said in February that the government predicted that the economic growth would exceed 7 percent this year as inflation is projected to remain low at 3-4 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb forecasts cambodia\s growth at 7 this year adb forecasts cambodia\s growth at 7 this year

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb forecasts cambodia\s growth at 7 this year adb forecasts cambodia\s growth at 7 this year

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday