By Rebecca Christie
Bloomberg
Business ExchangeBuzz up!DiggPrint Email .The International Monetary Fund today said Cambodia’s economy is recovering and still faces risks from the fragile global economy, and particularly the country’s dependence on exports to the U.S. and Europe.
“A broadening, export-led recovery is under way,” the IMF said in a statement in Washington. “Near-term risks are tilted to the downside.”
The IMF projects Cambodia will post growth of 4.8 percent in 2010, as measured by gross domestic product, with a 4 percent rise in the country’s consumer price index. Growth is expected to return gradually to a medium-term potential of 6 percent to 7 percent, the IMF said.
2 comments:
we have seen cambodian GDP at double didget in the past but Cambodian people receive nothing.
What can they expect from four percent???
The IMF is recovering.
Yes,the numbers on the papers increased,but the levels of Khmer people living are still low.Where did the big amount of money go?
What Khmer oversea and inside saw are in high officials,low officials,and big businesses under govt families control.
The poors are getting poorer;then they went to work oversea as slave workers.
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