Sign up | Log in



Home  >>   Daily News  >>ā¸ēCambodia>>Economy>> Cambodia's economy on growth path
NEWS UPDATES Asean Affairs     September  29,  2016  

Cambodia's economy on growth path

Despite uncertainty over the global economy, which has been stymied by a continued weak recovery in many developed economies, Cambodia will continue on its projected growth rate for the rest of this year and into 2017, buoyed by sustained growth from China and India, the Asian Development Bank (ABD) said yesterday in a reiteration of its previous growth forecast.

Cambodia is anticipated to retain its growth forecast of 7 percent this year and 7.1 percent in 2017 – anchored by continued growth in the garment and footwear sector, ADB said in an update to its flagship annual economic publication, Asian Development Outlook 2016.

“The outlook for Cambodia’s economy, after attaining lower-middle-income status in July, remains robust with exports from the garment and footwear industry rising by 9.4 percent in the first half of this year,” Samiuela Tukuafu, ADB’s country director for Cambodia, said in a press release accompanying the update.

“While growth in credit sector moderated to 28.1 percent year-on-year in June 2016, it still indicates buoyant domestic demand,” he said, adding that better weather this year should provide a “mild” recovery for the Kingdom’s agricultural sector that has struggled with extended drought.

The announcement also noted that the Cambodian government continued to increase spending by 15.6 percent during the first half of this year, providing higher civil society wages on the back of increased tax collection.

Meanwhile, inflation forecasts slightly increased due to an expected rise in global oil prices, averaging a projected 3.4 percent in 2017.

The update noted that minimal changes in Cambodia’s account deficit and an increase of exports compared to imports – a gap that is expected to continue to narrow next year – would maintain “Cambodia’s sound external position”.

The World Bank formally reclassified Cambodia as a lower-middle-income status in July, a move that some economists feared would hamper the inflow of foreign aid and preferential trade preferences that the Kingdom enjoys.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 29, 2016 Subsribe Now !
• Viet Nam’s farm exports rise in 9 months Subcribe: Asean Affairs Global Magazine
• Cambodia's economy on growth path
• DST launches second CDM for prepaid electricity
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Singapore's population hits 5.61 millions in June
• ‘RCEP will deepen India’s engagement with ASEAN’
Asean Analysis                  September 16, 2016
• Asean Analysis  September 16, 2016
Cambodia’s Hun Sen Picks Off the Opposition, One by One, Ahead of Elections
Advertise Your Brand

Asean Stock Watch   September 28 , 2016

• Asean Stock Watch-September 28, 2016
The Biweekly Update
• The Biweekly Update  September 16, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand