À̹ÌÁö È®´ë Workers stitch clothes at a garment factory in the Sihanoukville Special Economic Zone.
Cambodia should continue to see steady economic growth at about 7 percent this year despite potential investor caution that could arise ahead of July¡¯s national election, officials from the Ministry of Economy and Finance (MEF) said on Wednesday.
Vongsey Vissoth, a secretary of state at MEF, presented the details of the ministry¡¯s 2018 economic forecast at a forum held in Phnom Penh, and was largely bullish on the prospects for economic growth.
¡°Exports continue to grow, and imports are still rising; retail and wholesale activities remain strong, and the tourism industry is also stronger; domestic credit to the private sector continues to grow, and the price of land is not declining,¡± he said. ¡°These are the leading indicators that reflect the fact that Cambodia¡¯s economy is strong and robust.¡±
The slowing growth of the garment industry should be offset by a sharp rise in the construction sector, according to the presentation, which was largely in-step with other predictions from the World Bank and International Monetary Fund.
One potential challenge raised by the official was Cambodia¡¯s trade deficit, as the MEF forecasted $12.2 billion in exports and $15.9 billion in imports this year. Other challenges included Cambodia¡¯s weak logistical infrastructure, low labour productivity and persistent ¡°informal fees¡± for businesses.
By The Phnom Penh Post(Published: 29/03/2018)
https://www.phnompenhpost.com/business/ministry-sees-strong-growth-kingdom
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