June 2005
Asia Monitor: South East Asia Monitor Volume 1;Jun2005, Vol. 16 Issue 6, p6
Country Report
Country Report
The article presents a forecast, stating that economic growth for Cambodia is only 2.5 percent in 2005. The slowdown is due to the expiry of the Multifibre Arrangement at the start of the year, which guaranteed Cambodia's textile exports a share of the lucrative U.S. and European Union markets. The economy is likely to pickup after 2005; as government attempts to diversify the economy begin to achieve results. However, growth will still be below the level that Cambodia needs, if it is to make a serious attempt at reducing poverty.


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