Fri, Sep 10, 2010
AsiaOne
PHNOM PENH - Cambodia's economy may grow 4.5-5.0 percent this year after contracting 2 percent in 2009 due to the global economic crisis, the International Monetary Fund said on Friday.
"Garment exports and tourist arrivals, notably by air, are bouncing back, both growing 10 to 20 percent year-on-year in the second quarter of 2010," the IMF said in a statement.
"Construction activity, however, appears to remain sluggish with growth of most related imports still negative, while a late start of the rainy season may dent agricultural output growth," it added.
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"Garment exports and tourist arrivals, notably by air, are bouncing back, both growing 10 to 20 percent year-on-year in the second quarter of 2010," the IMF said in a statement.
"Construction activity, however, appears to remain sluggish with growth of most related imports still negative, while a late start of the rainy season may dent agricultural output growth," it added.
Please click here to read more...
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