TITLE

Troubled Outlook For Cambodian Economy

PUB. DATE
June 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p6
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports that Asian Development Bank, in its latest review of Cambodia's economy, has painted a bleak picture for the country's near-term economic prospects. According to the review, the expiry of the Multi-Fibre Arrangement will cause growth to slow to just 2.3 percent in 2005, compared with estimated growth of 6.0 percent in 2004. Although the economy is expected to pick up in 2006 and 2007, growth will remain disappointingly low. The report states that although there is a widespread recognition in the country of the need to nurture new sources of growth, such a strategy would require a significantly higher rate of investment.
ACCESSION #
17133968

 

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