TITLE

Need To Diversify Economy

PUB. DATE
April 2004
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Apr2004, Vol. 15 Issue 4, p6
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The Cambodian government has set itself a growth target of 6.0-7.0 percent over the medium term. However, despite an improvement in economic growth in recent years, especially from the 3.7 percent growth recorded during 1998 at the peak of the Asian financial crisis, real gross domestic products is unlikely to exceed the government's target. Cambodia's economy is being driven by three main sectors: tourism, garments, and agriculture. The government must instead push forward economic reforms if it is to have a chance of meeting its 6.0-7.0 percent growth target. Cambodia's economic growth this year will benefit from a fast-growing regional economy, with neighbouring Vietnam and Thailand both performing well.
ACCESSION #
12789983

 

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