Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success

Cambodia’s economic activity continues to expand, led by solid growth in garment exports and strong construction activity. Real growth is projected to reach 7.0 percent in 2016, in line with the resilient performance across the region. The economy is projected to sustain its high growth traject...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	economic growth garment industry footwear industry tourism agriculture poverty exports direct foreign investment monetary policy fiscal policy economic outlook
Online Access:	http://documents.worldbank.org/curated/en/2016/10/26857834/cambodia-economic-update-enhancing-export-competitiveness-key-cambodia’s-future-economic-success http://hdl.handle.net/10986/25272

id	okr-10986-25272
recordtype	oai_dc
spelling	okr-10986-252722021-06-14T10:15:58Z Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success World Bank Group economic growth garment industry footwear industry tourism agriculture poverty exports direct foreign investment monetary policy fiscal policy economic outlook Cambodia’s economic activity continues to expand, led by solid growth in garment exports and strong construction activity. Real growth is projected to reach 7.0 percent in 2016, in line with the resilient performance across the region. The economy is projected to sustain its high growth trajectory, expanding at 6.9 percent in both 2017 and 2018 propelled by exports and government consumption. The agriculture sector is expected to improve slightly due to better weather conditions this year and to expand gradually in the near term, thanks to concerted efforts by all stakeholders, in particular the public sector. Risks, however, include potential uncertainty related to commune and general elections in 2017 and 2018, respectively, a sharp decline in the construction and real estate sector, fallout from a rise in US interest rates, regional tensions and slower global growth. Although severe drought caused by El Niño is a challenge, the downward trend of poverty is expected to continue over the next few years, albeit driven mainly by the garment, construction, and services sectors. The agriculture sector, which was the main driver of poverty reduction in the past has recently eased. 2016-10-25T22:18:20Z 2016-10-25T22:18:20Z 2016-10 Report http://documents.worldbank.org/curated/en/2016/10/26857834/cambodia-economic-update-enhancing-export-competitiveness-key-cambodia’s-future-economic-success http://hdl.handle.net/10986/25272 English en_US Cambodia economic update; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work 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	economic growth garment industry footwear industry tourism agriculture poverty exports direct foreign investment monetary policy fiscal policy economic outlook
spellingShingle	economic growth garment industry footwear industry tourism agriculture poverty exports direct foreign investment monetary policy fiscal policy economic outlook World Bank Group Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
geographic_facet	East Asia and Pacific Cambodia
relation	Cambodia economic update;
description	Cambodia’s economic activity continues to expand, led by solid growth in garment exports and strong construction activity. Real growth is projected to reach 7.0 percent in 2016, in line with the resilient performance across the region. The economy is projected to sustain its high growth trajectory, expanding at 6.9 percent in both 2017 and 2018 propelled by exports and government consumption. The agriculture sector is expected to improve slightly due to better weather conditions this year and to expand gradually in the near term, thanks to concerted efforts by all stakeholders, in particular the public sector. Risks, however, include potential uncertainty related to commune and general elections in 2017 and 2018, respectively, a sharp decline in the construction and real estate sector, fallout from a rise in US interest rates, regional tensions and slower global growth. Although severe drought caused by El Niño is a challenge, the downward trend of poverty is expected to continue over the next few years, albeit driven mainly by the garment, construction, and services sectors. The agriculture sector, which was the main driver of poverty reduction in the past has recently eased.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
title_short	Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
title_full	Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
title_fullStr	Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
title_full_unstemmed	Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success
title_sort	cambodia economic update, october 2016 : enhancing export competitiveness, the key to cambodia’s future economic success
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/10/26857834/cambodia-economic-update-enhancing-export-competitiveness-key-cambodia’s-future-economic-success http://hdl.handle.net/10986/25272
_version_	1764458838203826176

Cambodia Economic Update, October 2016 : Enhancing Export Competitiveness, the Key to Cambodia’s Future Economic Success

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