Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - GDP forecast: Analysts positive on growth

GDP forecast: Analysts positive on growth

Analysts believe Cambodia’s economy is set to match or surpass the International Monetary Fund’s forecast of 4.5 to 5 percent economic growth this year.

On Friday, the IMF issued its latest prediction for the Kingdom’s gross domestic product. Highlighting the role of anticorruption laws in improving international competitiveness and reducing business costs, senior economist at IMF’s Asia and Pacific department Olaf Unterroberdoerster said inflation, measured by the Consumer Price Index, was estimated at 4 percent in 2010.

GDP growth for 2011 and 2012 was forecast at about 6 to 7 percent.

He said that gains in tax collection offered the best hope to meet the dual objectives of securing fiscal sustainability and mobilising resources for development.

Other analysts welcomed the IMFs comments, and many were even more positive.

Senior researcher for the Economic Institute of Cambodia Neou Seiha said the forecast may yet be exceeded, predicting economic growth would increase from through November.

Bretton Sciaroni, Senior Partner of Sciaroni & Associates, agreed, highlighting growth potential in agriculture, tourism and garments.



Please, login or register to post a comment

Latest Video

Senate passes amendments allowing seat redistribution

Following last week's events, when Prime Minister Hun Sen proposed redistributing the Cambodia National Rescue Party’s National Assembly seats among minor opposition parties, the controversial amendments were passed a

Life with the indigenous communities of Mondulkiri

The Indigenous People's Lodge in the lush highlands of Mondulkiri, one of the Kingdom's most sparsely populated provinces, offers of a taste of traditional life.

Watch our video to find out more.