Wednesday, June 20, 2012

Cambodia Central Bank Deputy Governor: To Raise 2012 GDP Growth View From 7.0%

June 19, 2012
By Oranan Paweewun
Dow Jones News

BANGKOK--The National Bank of Cambodia is planning to revise up 2012 gross domestic product growth forecast from 7.0% at present, due to a recovery in the country's real estate sector and agricultural products prices, Deputy Governor Neav Chanthana said Wednesday.

Inflation isn't a concern for the central bank, which is projecting a 5% inflation rate this year, she told reporters on the sidelines of the Greater Mekong Investment Forum in Bangkok.

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