IMF revises GDP projection for Cambodia upward to 7%
The International Monetary Fund has revised Cambodia’s economic growth projection to between 6.5 and 7 per cent, up from 6.2 per cent in April, saying the country could manage a sound macro-economy because of the growth in four main sectors: manufacturing, tourism, agriculture and construction. According to Ek Tha, spokesman for the Office of the Council of Ministers, Deputy Prime Minister Sok An met with a group of IMF’s mission staff led by Olaf Unteroberdoerster, deputy director for IMF’s Asia and Pacific department in Phnom Penh yesterday to discuss the country’s economic performance and share some economic indicators for the sustainable growth of Cambodia. … Economic Minister Keat Chhon said in August the country’s GDP growth in 2012 was at 6.9 per cent, which had slowed from the April figure of 7 per cent because of softer garment exports. He also revised the inflation rate from the forecast of five per cent made early this year to 3.6 per cent.
