The Cambodian Economic Association (CEA) officially launched May 5 at Pannasastra
University in Phnom Penh, bringing together various groups to research and discuss
the state of the Kingdom's economy.
The launch was followed by a panel discussion on, "Prospects of the Cambodian
Economy in 2005-2008" involving several of the 16 founding members.
The participants compared economic outlooks for Cambodia this year, predicting GDP
growth from 2.3 percent (Asian Development Bank, International Monetary Fund) to
3.2 percent (Economic Institute of Cambodia).
Chea Huot, an economist for the World Bank and a founding member of CEA, noted that
no other country is as dependent on garment exports as Cambodia, creating a fragile
The CEA worked closely with the garment and agro-business industries, said Sok Hach,
president of CEA.
The CEA was conceived in 2002 and became a member of Federation of ASEAN Economic
Associations in 2003 but have not held any events until now.