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Logo of Phnom Penh Post newspaper Phnom Penh Post - MEF forecasts robust growth for 2016, 2017

MEF forecasts robust growth for 2016, 2017

The Cambodian economy will continue to experience robust growth, with GDP increasing by 7.1 per cent in 2016 and 6.9 per cent in 2017, Vongsey Vissoth, secretary of state for the Ministry of Economy and Finance, announced in a report delivered to the Economic and Financial Policy Committee meeting, state news agency AKP reported.

He said the industrial field, mainly garments and the local production sectors, would continue to drive the country’s economic growth. Vissoth added that inflation would be a manageable 1.9 per cent in 2016 and 3.3 per cent in 2017, and the exchange rate would stabilise around 4,050 riel to the US dollar.

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