Cambodia Economic Update, April 2018 : Recent Economic Developments and Outlook
While the economy continues to expand rapidly in Cambodia, real GDP growth eased to 6.8percent in 2017 from 7 percent in 2016. Cambodia therefore bucked the regional trend, asmost developing countries in East Asia experienced a growth acceleration...
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| Format: | Report |
| Language: | English |
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World Bank, Phnom Penh
2018
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| Online Access: | http://documents.worldbank.org/curated/en/740941525786311189/Cambodia-economic-update-recent-economic-developments-and-outlook http://hdl.handle.net/10986/29811 |
| Summary: | While the economy continues to expand
rapidly in Cambodia, real GDP growth eased to 6.8percent in
2017 from 7 percent in 2016. Cambodia therefore bucked the
regional trend, asmost developing countries in East Asia
experienced a growth acceleration in 2017. Followingsome
moderation during the first half of 2017, textile and
apparel exports rebounded. Thetourism and agriculture
sectors experienced initial recovery in the last few years
after facinggradual moderation. Growth is projected to
remain robust, expanding at 6.9 percent in 2018.Downside
risks to the outlook include erosion of export
competitiveness due to rapidly risingreal wages, a buildup
of vulnerabilities from a prolonged real estate and
construction boom,potential election-related uncertainty,
and periodic jolts to the international trade order inthe
form of protectionism and escalating trade disputes. This
edition of Cambodia economic update is focusing on findings
of future jobs in Cambodia. |
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