VOA Khmer | Phnom Penh
Wednesday, 06 April 2011
The Asian Development Bank said Wednesday Cambodia’s economic growth in coming years will reach up to 6.7 percent, driven by recovery in key sectors following the 2008 economic crisis.
Peter Brimble, a senior economist for the Bank, said growth in 2010 showed Cambodia on a strong footing. But he warned the country is now at a “crossroads,” with economic drivers showing a lot of potential.
“The pressure is now on to intensify efforts at meeting the longstanding challenges of accelerating economic diversification and improving the general investment climate,” Brimble said in a statement.
Poulang Doung, an economist for the Bank, said Wednesday that the country’s growth derived from recovery in clothing exports and tourism that had flagged in 2009, as well as growth in agriculture.
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Peter Brimble, a senior economist for the Bank, said growth in 2010 showed Cambodia on a strong footing. But he warned the country is now at a “crossroads,” with economic drivers showing a lot of potential.
“The pressure is now on to intensify efforts at meeting the longstanding challenges of accelerating economic diversification and improving the general investment climate,” Brimble said in a statement.
Poulang Doung, an economist for the Bank, said Wednesday that the country’s growth derived from recovery in clothing exports and tourism that had flagged in 2009, as well as growth in agriculture.
Please click here to read more...
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