Cambodia’s GDP is projected to grow by 7 percent this year even though the global economy remains fragile and high risk due to persisting sovereign debt crisis in Europe and sluggish economic recovery in the United States, a commerce official said Monday. …
Last Tuesday, the International Monetary Fund (IMF) predicted that Cambodia is expected to register an economic growth rate of 6. 7 percent this year. …
Cambodia recorded a 17 percent rise in rubber latex exports in 2012; however, the revenues from the exports went down by 21 percent due to declining rubber prices in the international market, the government’s statistics showed Friday.
The country had exported 54,530 tons of rubber latex last year, up 17 percent from 46,730 tons in a year earlier, said the statistics from Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates imports and exports in the Kingdom.
To date, the country has 257,670 hectares of rubber plantations, most of them are young crops, which have not yet yielded, according to the statistics of the Agriculture Ministry’s Rubber Department. … Times Sta
“We still maintain our forecast of 7 per cent growth and the latest forecast showed that the inflation rate is about 2.9 per cent this year,” he told students at a graduation ceremony at Asia-Euro University in Toul Kork.
The growth is being driven by increases in garment exports, tourism and construction, he said, adding that agriculture was also expected to see positive growth.
The prime minister’s growth prediction was higher than that of international financial institutions.