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After contracting by 3.1 percent in 2020, Cambodia's economy has gradually recovered. The recovery is, however, uneven, partial, and volatile in part due to the re-introduction of a domestic lockdown, triggered by recent flare-ups of coronavirus infections. Like many countries in the region,...
Persistent link: https://www.econbiz.de/10012603691
While remaining robust, growth in 2015 eased slightly to 7.0 percent, slightly below the 7.1 percent achieved in 2014. The performance of the garment sector improved in 2015, while signs of economic moderation and weakness persisted in the tourism and agriculture sectors, respectively....
Persistent link: https://www.econbiz.de/10012644605
While the economy continues to expand rapidly in Cambodia, real GDP growth eased to 6.8percent in 2017 from 7 percent in 2016. Cambodia therefore bucked the regional trend, asmost developing countries in East Asia experienced a growth acceleration in 2017. Followingsome moderation during the...
Persistent link: https://www.econbiz.de/10012645281
Economic growth remains strong, driven primarily by robust expansion in consumption and exports. Domestic demand has been boosted by higher wage growth and larger public investments, with fiscal expansion serving as stimulus. Public outlays were budgeted to increase to 24.6 percent of GDP in...
Persistent link: https://www.econbiz.de/10012645768
Preliminary estimates show real growth achieved a four-year high of 7.5 percent in 2018, compared to 7.0 percent in 2017. Driven primarily by rapid expansion of exports and robust internal demand, the economy performed better-than expected. Exports burgeoned as external demand, especially in the...
Persistent link: https://www.econbiz.de/10012646067
Cambodia's economy continues to show signs of robust growth, underpinned by solid export performance and strong domestic demand. Key macroeconomic data for the first six-months, however, indicate a slight deceleration of economic activity this year, compared to a strong growth performance of 7.5...
Persistent link: https://www.econbiz.de/10012646722
The global epidemiological and economic crisis unleashed by COVID-19 (Coronavirus) poses the greatest threat to Cambodia's development in its 30 years of modern history. The three most affected sectors - tourism, manufacturing exports, and construction - contributed more than 70 percent of...
Persistent link: https://www.econbiz.de/10012647149
The Coronavirus disease (COVID-19) pandemic has abruptly interrupted Cambodia's celebrated growth story. The pandemic has effectively stalled the construction and real estate boom that relied heavily on foreign investment. High-frequency phone surveys of households validated the adverse impact...
Persistent link: https://www.econbiz.de/10012497559
Growth remained strong at 6.9 percent in 2016, after 7.0 percent in 2015. Cambodia's economic activity continues to expand at a robust pace. Construction remained one of the main drivers of growth. Garment exports eased slightly as the country's external competitiveness was eroded by US dollar...
Persistent link: https://www.econbiz.de/10012247483
While recovering from Coronavirus (COVID-19),Cambodia's economy is now facing global economic headwinds. The current account improved in the first half of 2022 as the trade deficit narrowed. Rising global energy, fertilizer and food prices prompted a surge in inflation. Rising inflation is...
Persistent link: https://www.econbiz.de/10014247528