IMF’s Cambodia outlook upbeat
Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases in agricultural production and garment exports, accounted for updated projection, according to the IMF’s Asia-Pacific Economic Outlook released Thursday at a conference in Tokyo. Flood devastation – the worst in at least a decade – prompted a government downgrade of GDP growth from 7 per cent to 6 per cent, however, according to a speech made last week by Deputy Prime Minister Keat Chhon at an International Business Chamber conference…
http://www.phnompenhpost.com/index.php/2011101752154/Business/imfs-cambodia-outlook-upbeat.html
