Cambodia Economic Update, April 2016 [electronic resource] : Improving Macroeconomic and Financial Resilience.
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TextSeries: Economic Updates and Modeling | World Bank e-LibraryPublication details: Washington, D.C. : The World Bank, 2016Description: 1 online resource (1 p.)Subject(s): Access to Finance | Accounting | Analysis of Economic Growth | Banking Sector | Capital Markets | Capital Requirements | Commercial Banks | Commodity Prices | Consumer Protection | Corporate Governance | Debt | Debt Management and Fiscal Sustainability | Economic Growth | Economic Management | Economic Statistics, Modeling and Forecasting | Equity | Exchange Rates | Expenditures | Finance and Financial Sector Development | Financial Crisis | Financial Institutions | Financial Management | Financial Stability | Fiscal & Monetary Policy | Fiscal Policy | Foreign Banks | Foreign Direct Investment | Human Capital | Inflation | Infrastructure Investment | Insurance | Interest Rates | Investment Climate | Legal Framework | Life Insurance | Loans | Macroeconomics and Economic Growth | Microfinance Institutions | Monetary Policy | Mortgages | Poverty | Price Stability | Public Debt | Public Investment | Risk Management | Securities | Tariffs | Taxes | TerrorismOnline resources: Click here to access online Abstract: 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.
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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