Cambodia rides out recession smoothly
Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, Laos, Vietnam, Myanmar and Thailand – have all increased exports over the past two decades, reaching a combined total of $383 billion. But in the five years following the financial crisis, all of the Mekong 5, other than Cambodia, have seen a deceleration in their export growth rate, according to the ANZ’s Greater Mekong Quarterly Outlook. …
Ananth Baliga
http://www.phnompenhpost.com/cambodia-rides-out-recession-smoothly
