Cambodia expects 7 pct GDP growth in 2012: Finance Minister

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...

World Bank expects strong growth in 2012

The World Bank yesterday predicted gross domestic product to grow 6.5 percent this year, though it said that economic conditions could sour if the economies of Cambodia’s largest export markets in the US and Europe deteriorate. In an economic report outlining prospects for all of the ...

Hun Sen rebukes World Bank

Prime Minister Hun Sen yesterday rebuked the World Bank for revising downward its outlook for gross domestic product growth in the Kingdom, claiming the bank’s projections could cause market panic. The premier also announced a new government projection of 6.4 per cent GDP growth this year, ...

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