Cambodia Import-Export The First Half Year Analysis

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not be met. … At the same time, however, officials and economists have raised concerns over the slow growth of Cambodia’s total exports to foreign countries, mainly affected by the EU and USA’s economic recession. … Keat Chhon, Minister of Ministry of Economy and Finance, had in mid July, revised the country’s GDP growth projection for 2012 to 6.9 percent which is 0.1 percent lower than the forecasted 7 percent in April, saying that the lower prediction is due to lower garment exports in April and may this year,” he said. He predicted that the inflation rate this year is expected to be 3.9 percent, lower than the previous forecast of 5 percent.