26 December 2014
Cambodia predicts bright economic
prospects in the coming year. Finance Minister said 2014 saw a great deal of
effort, numerous struggles, and a great deal of patience to overcome
difficulties and challenges both inside and outside the country.
He said the country's gross
domestic product (GDP) is forecast to grow by 7% to 16.9 billion U.S. dollars
for 2014 and around 7% to 18.3 billion U.S. dollars in 2015. Cambodia's
economic growth remains reliant on garment exports, tourism, agriculture, and
construction, and, as with 2014, the inflation rate will be around 3.5% next
year.
The official figures showed that the Southeast Asian nation exported products worth 4.44 billion U.S. dollars in the first nine months of this year, up 12% compared to the same period last year, while tourist industries were buoyed by 3.67 million foreign visitors during the period, up 5% year-on- year.
The official figures showed that the Southeast Asian nation exported products worth 4.44 billion U.S. dollars in the first nine months of this year, up 12% compared to the same period last year, while tourist industries were buoyed by 3.67 million foreign visitors during the period, up 5% year-on- year.
"For 2015, there is no doubt
that the economy will grow well because of full political stability."
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