Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience

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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Bibliographic Details
Main Author: World Bank Group
Format: Report
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
AGRICULTURE
CONSTRUCTION
FINANCIAL RESILIENCE
GARMENT SECTOR
GOVERNMENT SPENDING
LABOR
POVERTY
TOURISM
Online Access:http://documents.worldbank.org/curated/en/2016/04/26216881/cambodia-economic-update-improving-macroeconomic-financial-resilience
http://hdl.handle.net/10986/24392
id okr-10986-24392
recordtype oai_dc
spelling okr-10986-243922021-05-25T08:48:04Z Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience World Bank Group AGRICULTURE CONSTRUCTION FINANCIAL RESILIENCE GARMENT SECTOR GOVERNMENT SPENDING LABOR POVERTY TOURISM 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. 2016-06-02T21:06:23Z 2016-06-02T21:06:23Z 2016-04 Report http://documents.worldbank.org/curated/en/2016/04/26216881/cambodia-economic-update-improving-macroeconomic-financial-resilience http://hdl.handle.net/10986/24392 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Cambodia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGRICULTURE
CONSTRUCTION
FINANCIAL RESILIENCE
GARMENT SECTOR
GOVERNMENT SPENDING
LABOR
POVERTY
TOURISM
spellingShingle AGRICULTURE
CONSTRUCTION
FINANCIAL RESILIENCE
GARMENT SECTOR
GOVERNMENT SPENDING
LABOR
POVERTY
TOURISM
World Bank Group
Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
geographic_facet East Asia and Pacific
Cambodia
description 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.
format Report
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
title_short Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
title_full Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
title_fullStr Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
title_full_unstemmed Cambodia Economic Update, April 2016 : Improving Macroeconomic and Financial Resilience
title_sort cambodia economic update, april 2016 : improving macroeconomic and financial resilience
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/04/26216881/cambodia-economic-update-improving-macroeconomic-financial-resilience
http://hdl.handle.net/10986/24392
_version_ 1764456529287708672

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