Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
While remaining robust, growth in 2015 eased slightly to 7.0 percent, slightly below the 7.1 percent achieved in 2014. The performance of the garment sector improved in 2015, while signs of economic moderation and weakness persisted in the tourism...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/04/26216881/cambodia-economic-update-improving-macroeconomic-financial-resilience http://hdl.handle.net/10986/24392 |
| Summary: | While remaining robust, growth in 2015
eased slightly to 7.0 percent, slightly below the 7.1
percent achieved in 2014. The performance of the garment
sector improved in 2015, while signs of economic moderation
and weakness persisted in the tourism and agriculture
sectors, respectively. Cambodia’s real growth is projected
to remain healthy at 6.9 percent in 2016, driven partly by a
significant increase in government spending. Strong garment
exports should help to offset a slowdown in agriculture,
while the construction sector is expected to continue to
remain an engine of growth. Downside risks to this outlook
include potential renewed labor issues, continued
appreciation of the United States (U.S.) dollar, slower
economic recovery in Europe, and spillovers from a slowdown
in the Chinese economy. The downward trend in poverty is
expected to continue over the next few years, albeit at a
slower pace, given the context of sluggish agriculture growth. |
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