Friday, September 10, 2010
AFP
PHNOM PENH — A strong recovery in tourism and the key garment industry helped Cambodia's economy perform a "significant turnaround" this year, with projected growth of up to five percent, the IMF said Friday.
Cambodia, which saw its major industries hit by the global financial crisis, is expected to experience a 4.5 to five percent economic expansion this year and six percent growth in 2011, the International Monetary Fund said.
Garment exports and tourism are at the forefront of the rebound, with 10 to 20 percent growth in the second quarter, according to Olaf Unteroberdoerster, senior economist at the IMF's Asia Pacific department.
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Cambodia, which saw its major industries hit by the global financial crisis, is expected to experience a 4.5 to five percent economic expansion this year and six percent growth in 2011, the International Monetary Fund said.
Garment exports and tourism are at the forefront of the rebound, with 10 to 20 percent growth in the second quarter, according to Olaf Unteroberdoerster, senior economist at the IMF's Asia Pacific department.
Please click here to read more...
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