(RTTNews) - The International Monetary Fund in a report on the Cambodian economy said the global economy is having a larger impact on the economy than previously expected. It therefore expects the real GDP to decline 2.75% this year.
In its annual Article IV report, the IMF said Cambodia's garment export volume could fall 15% this year, due to lower consumption in the U.S. The U.S is Cambodia's key garment export market. Moreover, tourism was drastically affected by the slump in its tourist-source countries, and construction sector was also badly affected by falling property prices, the IMF said.
No comments:
Post a Comment