IMF Predicts Country’s Economy to Grow 7%
The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also predicted that in 2014, gross domestic product would increase to 7.25 percent. The IMF’s GDP prediction follows reports by the World Bank and the Asian Development Bank (ADB), which made similar growth forecasts. The World Bank said Cambodia’s economy would grow 7 percent this year and next year, while the ADB predicted 7.2 percent for 2013 and 7.5 percent for 2014. …
Joshua Wilwohl
http://www.cambodiadaily.com/business/imf-predicts-countrys-economy-to-grow-7-47117/
