Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity

Growth remained strong at 6.9 percent in 2016, after 7.0 percent in 2015. Cambodia's economic activity continues to expand at a robust pace. Construction remained one of the main drivers of growth. Garment exports eased slightly as the country...

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Main Author:	World Bank Group
Format:	Report
Language:	English en_US
Published:	World Bank, Phnom Penh 2017
Subjects:	INFRASTRUCTURE ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY TRADE PUBLIC INVESTMENT MANAGEMENT FISCAL TRENDS MONETARY POLICY
Online Access:	http://documents.worldbank.org/curated/en/780641494510994888/Cambodia-economic-update-staying-competitive-through-improving-productivity http://hdl.handle.net/10986/27540

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recordtype	oai_dc
spelling	okr-10986-275402021-05-25T09:01:42Z Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity World Bank Group INFRASTRUCTURE ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY TRADE PUBLIC INVESTMENT MANAGEMENT FISCAL TRENDS MONETARY POLICY Growth remained strong at 6.9 percent in 2016, after 7.0 percent in 2015. Cambodia's economic activity continues to expand at a robust pace. Construction remained one of the main drivers of growth. Garment exports eased slightly as the country’s external competitiveness was eroded by US dollar appreciation, rising labor costs and increasing competition from other regional low-wage countries. Better weather conditions last year resulted in increased agricultural production, although agricultural commodity prices remain depressed. Real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, partly underpinned by government spending. Downside risks to this outlook include the fallout from further rises in US interest rates, a slower-than-expected economic recovery in Europe, and uncertainties over global trade. Poverty reduction is expected to continue over the next few years, driven mainly by the garment, construction and services sectors, together with increases in remittances. 2017-07-06T22:29:04Z 2017-07-06T22:29:04Z 2017-04 Report http://documents.worldbank.org/curated/en/780641494510994888/Cambodia-economic-update-staying-competitive-through-improving-productivity http://hdl.handle.net/10986/27540 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Phnom Penh Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Cambodia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	INFRASTRUCTURE ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY TRADE PUBLIC INVESTMENT MANAGEMENT FISCAL TRENDS MONETARY POLICY
spellingShingle	INFRASTRUCTURE ECONOMIC GROWTH ECONOMIC OUTLOOK POVERTY TRADE PUBLIC INVESTMENT MANAGEMENT FISCAL TRENDS MONETARY POLICY World Bank Group Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
geographic_facet	East Asia and Pacific Cambodia
description	Growth remained strong at 6.9 percent in 2016, after 7.0 percent in 2015. Cambodia's economic activity continues to expand at a robust pace. Construction remained one of the main drivers of growth. Garment exports eased slightly as the country’s external competitiveness was eroded by US dollar appreciation, rising labor costs and increasing competition from other regional low-wage countries. Better weather conditions last year resulted in increased agricultural production, although agricultural commodity prices remain depressed. Real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, partly underpinned by government spending. Downside risks to this outlook include the fallout from further rises in US interest rates, a slower-than-expected economic recovery in Europe, and uncertainties over global trade. Poverty reduction is expected to continue over the next few years, driven mainly by the garment, construction and services sectors, together with increases in remittances.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
title_short	Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
title_full	Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
title_fullStr	Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
title_full_unstemmed	Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity
title_sort	cambodia economic update, april 2017 : staying competitive through improving productivity
publisher	World Bank, Phnom Penh
publishDate	2017
url	http://documents.worldbank.org/curated/en/780641494510994888/Cambodia-economic-update-staying-competitive-through-improving-productivity http://hdl.handle.net/10986/27540
_version_	1764464901273681920

Cambodia Economic Update, April 2017 : Staying Competitive through Improving Productivity

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