30 September 2014
Cambodia
needs increased investments, and for that, deeper regional as well as global
integration is crucial.
Greater regional
integration, along with continued close ties with China, would support the
goals of Cambodia's development plan for raising investment beyond 25% of GDP
and sustaining 7% annual GDP growth. Cambodia's real GDP growth has likely
slowed slightly in 2014, owing to political uncertainty and labour unrest,
after expanding 7.4% in 2013, powered by tourism revenues, garment exports and
construction. With a nominal GDP of $15.2bn, the size of Cambodia's economy
offers little shock absorption capacity.
More
prudent fiscal management and continued strong growth in foreign direct
investment (FDI) and steps to address institutional and political weaknesses
will help upward revisions in Cambodia's credit rating.
Source:
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