23 Feb '12, 2pm

Stronger economic growth for Cambodia in 2012

Stronger economic growth for Cambodia in 2012

SINGAPORE: Cambodia's central bank expects economic growth in 2012 to accelerate to its fastest pace in four years. The director general of the policy-setting institution told Channel NewsAsia that new investments in agriculture and banking will lead the way. Garment-making has been a mainstay of Cambodia's fledgling economy. It has ticked over at between six and seven percent annually for the past four years. But, the government is now turning its focus back to the land in the hope that rice growing and other farming produce will lift growth closer to eight per cent, making it among the world's fastest growing economies. According to a source from the International Monetary Fund, Cambodia's yearly average GDP growth rate over the last ten years is 7.7 per cent. The Asian Development Bank's growth projection for Cambodia in 2012 is 6.5 per cent. National Bank of Cambodia's...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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