Chun Sakada, VOA Khmer
Phnom Penh Tuesday, 19 October 2010
“Apparel exports rose by 15 percent over the first six months of 2010, reflecting growing personal consumption expenditures in the United States with 16,000 new jobs created since January 2010 after a loss of 43,000 jobs in 2009.”
The World Bank on Tuesday raised expectations for Cambodia's economic growth in 2010 to nearly 5 percent, up from a 4.4 percent forecast in April.
The Bank cited recovery in the garment and tourism sectors, along with steady growth in agriculture, for its 4.9 percent economic growth estimate. The government has projected a 5 percent growth rate this year.
“Apparel exports rose by 15 percent over the first six months of 2010, reflecting growing personal consumption expenditures in the United States with 16,000 new jobs created since January 2010 after a loss of 43,000 jobs in 2009,” the World Bank said in its 2010 East Asia and Pacific update.
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The Bank cited recovery in the garment and tourism sectors, along with steady growth in agriculture, for its 4.9 percent economic growth estimate. The government has projected a 5 percent growth rate this year.
“Apparel exports rose by 15 percent over the first six months of 2010, reflecting growing personal consumption expenditures in the United States with 16,000 new jobs created since January 2010 after a loss of 43,000 jobs in 2009,” the World Bank said in its 2010 East Asia and Pacific update.
Please click here to read more...
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