Wednesday, April 28, 2010

Cambodian PM predicts GDP growth of 5 pct this year [-Cambodia's economy according to Hanoi PhD Hun Xen?]

By Prak Chan Thul

PHNOM PENH, April 27 (Reuters) - Cambodian Prime Minister Hun Sen estimated on Tuesday that his country's economy would grow around 5 percent this year and said resilient agricultural output had helped the country avoid recession in 2009.
"Passing through storms and rains in the past year, even though the country faced the global financial crisis, drought and flooding, typhoon Ketsana, we achieved remarkable results in increasing agricultural production," Hun Sen told a forum of government, development bank and private sector representatives.
Hun Sen said Cambodia's economy grew last year due to 5 percent growth in the agricultural sector, but he did not give a figure for gross domestic product.

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