Cambodia expects 7 pct GDP growth in 2012
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank — all forecast at 6.5 % this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the minister told reporters after a meeting at the Ministry of Commerce. … …he said that Cambodia is optimistic to attract more foreign investments in coming years thanks to the country’s preferential laws, improving infrastructures, and better trade facilitations, and preferential conditions in Asian countries for investors. Cambodia’s GDP in 2011 was 7 %, or 13 billion U.S. dollars, according to the government report.
http://en.ce.cn/World/Asia-Pacific/201203/12/t20120312_23150134.shtml
