Phnom Penh Friday, 10 September 2010
“Improving the quality and dissemination of key economic statistics will serve to further enhance policy credibility and result in better informed business decisions.”
The International Monetary Fund predicts an economic growth rate as high as 5 percent for 2010, thanks to recovery in garment exports and tourism.
The IMF said 2009 had seen a shrinking of the economy by 2 percent in the wake of the global economic crisis, but there are signs of growth, especially in the two chief earners.
“Real GDP growth is projected to reach 4.5 to 5 percent in 2010, a significant turnaround from 2009,” the IMF’s senior economist for Asia and the Pacific, Olaf Underoberdoerster, told reporters Friday following a 10-day mission. “A broadening export-led recovery has taken hold since the beginning of the year.”
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The IMF said 2009 had seen a shrinking of the economy by 2 percent in the wake of the global economic crisis, but there are signs of growth, especially in the two chief earners.
“Real GDP growth is projected to reach 4.5 to 5 percent in 2010, a significant turnaround from 2009,” the IMF’s senior economist for Asia and the Pacific, Olaf Underoberdoerster, told reporters Friday following a 10-day mission. “A broadening export-led recovery has taken hold since the beginning of the year.”
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