Download or read book Cambodia Economic Update written by and published by . This book was released on 2019 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Maintaining High Growth written by World Bank Group and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cambodia Economic Update Weathering the Oil Price Shock written by World Bank Group and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of Coronavirus (COVID-19)-related restrictions. Negative impacts of the oil price shock are amplified by Cambodia's already large external imbalances. Rising food and energy prices have eroded household purchasing power. International oil price increases are passing directly through to domestic prices. Higher commodity prices triggered by the war in Ukraine are expected to lead to sizable fiscal impacts. Meanwhile, the "living with COVID-19" strategy has enabled a reopening of the economy since late last year. The economic recovery remains uneven. Traditional growth drivers, especially the garment, travel goods, and footwear manufacturing industries, continue to expand. Rising inflationary pressures are posing serious policy challenges for the Cambodian authorities. To this end, it is crucial for the central bank to continue to be committed to maintaining exchange rate stability. For the government, it is important to avoid creating excess aggregate demand, which might trigger undue domestic inflationary pressures on top of the imported inflation. The prospect of a protracted period of high inflation and a sharp increase in global interest rates has significant implications for Cambodia, whose economy is highly dollarized.

Download or read book Cambodia Economic Update April 2018 written by Weltbankgruppe and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: While the economy continues to expand rapidly in Cambodia, real GDP growth eased to 6.8percent in 2017 from 7 percent in 2016. Cambodia therefore bucked the regional trend, asmost developing countries in East Asia experienced a growth acceleration in 2017. Followingsome moderation during the first half of 2017, textile and apparel exports rebounded. Thetourism and agriculture sectors experienced initial recovery in the last few years after facinggradual moderation. Growth is projected to remain robust, expanding at 6.9 percent in 2018.Downside risks to the outlook include erosion of export competitiveness due to rapidly risingreal wages, a buildup of vulnerabilities from a prolonged real estate and construction boom,potential election-related uncertainty, and periodic jolts to the international trade order inthe form of protectionism and escalating trade disputes. This edition of Cambodia economic update is focusing on findings of future jobs in Cambodia.

Download or read book Cambodia Economic Update June 2021 written by Weltbankgruppe and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: After contracting by 3.1 percent in 2020, Cambodia's economy has gradually recovered. The recovery is, however, uneven, partial, and volatile in part due to the re-introduction of a domestic lockdown, triggered by recent flare-ups of coronavirus infections. Like many countries in the region, Cambodia has been hit hard by global demand shock and coronavirus-related shutdowns which have had predictably uneven economic impacts across sectors. The agriculture sector has been relatively resilient in the face of the coronavirus shock. In addition, it has been boosted by increased investment, thanks to good prospects of the newly signed Cambodia-China Free Trade Agreement (CCFTA) and Regional Comprehensive Economic Partnership (RCEP).The manufacturing sector sharply contracted last year, but appears to have gradually recovered since, as it has adapted to changing external conditions. The easing of the traditional manufacturing industries, namely garment, footwear, and travel (GFT) goods has been partly offset by the expansion of the newly emerging manufacturing (electrical, electronic and vehicle parts including bicycles) and agroprocessing industries. Parts of the services sector such as accommodation, restaurants and transport continue to be hit hard by slowdown in domestic and international tourism, while wholesale and retail trade has managed to slowly recover, supported by a gradual revival in domestic economic activity.

Download or read book Cambodia Economic Update April 2014 written by Weltbank and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia's economy has withstood domestic pressures and managed to sustain its high growth driven by its usual engines of growth. The external sector improved as a result of slower imports due to dampened domestic demand. The post-election adverse effects slowed down the demand for imports, while export growth advanced. Inflation rose to 4.7 percent year-on-year at the end of 2013, up from 2.5 percent at the end of 2012. Inflation is projected to remain in mid-single-digits over the short term. Financial deepening continues but the gap between credit and deposit growth rates has widened, reducing bank liquidity. Government revenue growth has moderated, resulting in an increase in the fiscal deficit. The latest joint World Bank and International Monetary Fund (IMF) debt-sustainability analysis (DSA) conducted in 2013 shows that Cambodia's debt-distress rating remains low, with all debt-burden indicators projected to be below respective thresholds. The prospects for sustaining high growth appear favorable, and real growth for 2014 is projected to reach 7.2 percent, given expectations of renewed confidence and political stability, underpinned by the strengthening of the economic recovery in developed economies. Appropriately managing domestic pressures in order to gain from the improved global economic environment will help maintain macroeconomic stability. Enhancing regional integration will also enable Cambodia to benefit more from the growth dynamics throughout the Association of Southeast Asian Nations (ASEAN) region. While Cambodia does have some fiscal space to increase wages, a cautious and careful approach to pay raise may work best.

Download or read book Recent Economic Developments and Outlook written by and published by . This book was released on 2018 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cambodia Economic Update November 2020 written by Weltbankgruppe and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Coronavirus disease (COVID-19) pandemic has abruptly interrupted Cambodia's celebrated growth story. The pandemic has effectively stalled the construction and real estate boom that relied heavily on foreign investment. High-frequency phone surveys of households validated the adverse impact of the pandemic on employment. As the global economic crisis caused by COVID-19 continues, the economy in 2020 is projected to contract by 2.0 percent, the sharpest decline in Cambodia's recent history. The most important policy goal must be to urgently regain jobs lost or suspended due to the pandemic. In this regard, full attention must be paid to boost investment in labor-intensive sectors to generate jobs. Looking ahead, it is essential to facilitate an expansion of domestic and foreign investment arising largely from recent bilateral and regional free trade agreements. It is imperative to continue to closely monitor vulnerabilities arising from a prolonged construction and property boom and the increase of credit provided to the construction and real estate sector. It is critically important to develop a COVID-19 vaccine distribution infrastructure, while identifying potential COVID-19 vaccine availability and affordability. Cooperation has been sought with regional countries developing COVID-19 vaccines such as China to ensure Cambodia has access to the COVID-19 vaccine when it is available.

Download or read book Cambodia Economic Update April 2014 written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nowcasting and Near Term Forecasting Cambodia s Economy written by Dyna Heng and published by International Monetary Fund. This book was released on 2024-07-12 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing the current state of the economy and forecast the economic outlook in the next few quarters are important inputs for policymakers. This paper presents a suite of models with an integrated approach to forecast Cambodia’s economy in the current and next few quarters. First, we estimate historical quarterly GDP using information extracted from high-frequency indicators to construct quarterly nowcasting model. Second, we forecast current economic activities using a high-frequency data such as credit, export, tourist arrival, foreign reserves, and trading partner’s GDP. Third, we present inflation forecasting models for Cambodia. Fourth, the paper present a vector autoregression model to forecast Cambodia’s GDP in the next few quarters using global forecasts of China’s and US’s economy as well as oil and rice price. This paper showcase how high-frequency data set can be utilized in assessing current economic activities in countries with limited and lagged data.

Download or read book Cambodia Economic Update October 2015 written by World Bank Group and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cambodia Economic Update May 2020 written by Weltbankgruppe and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The global epidemiological and economic crisis unleashed by COVID-19 (Coronavirus) poses the greatest threat to Cambodia's development in its 30 years of modern history. The three most affected sectors - tourism, manufacturing exports, and construction - contributed more than 70 percent of growth and 39.4 percent of total paid employment in 2019. Therefore, in the current year, Cambodia's economy is likely to register its slowest growth since 1994, contracting between -1 percent (baseline) and -2.9 percent (downside). Poverty can increase between 3 and 11 percentage points from a 50 percent income loss that lasts for six months for households engaged in tourism, wholesale and retail trade, garment, construction, or manufacturing. The fiscal deficit can reach its highest level in 22 years, and public debt is expected rise to 35 percent of gross domestic product (GDP) by 2022. The authorities have introduced emergency measures to contain the outbreak and provide fiscal assistance to affected households, workers, and enterprises. To facilitate a robust recovery, the government will need to continue to ensure macroeconomic and financial sector stability and accelerate trade and investment reforms as well as encourage faster adoption of digital technologies.

Download or read book Cambodia Economic Update April 2018 written by World Bank Group and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: While the economy continues to expand rapidly in Cambodia, real GDP growth eased to 6.8percent in 2017 from 7 percent in 2016. Cambodia therefore bucked the regional trend, asmost developing countries in East Asia experienced a growth acceleration in 2017. Followingsome moderation during the first half of 2017, textile and apparel exports rebounded. Thetourism and agriculture sectors experienced initial recovery in the last few years after facinggradual moderation. Growth is projected to remain robust, expanding at 6.9 percent in 2018. Downside risks to the outlook include erosion of export competitiveness due to rapidly risingreal wages, a buildup of vulnerabilities from a prolonged real estate and construction boom, potential election-related uncertainty, and periodic jolts to the international trade order inthe form of protectionism and escalating trade disputes. This edition of Cambodia economic update is focusing on findings of future jobs in Cambodia.

Download or read book Cambodia Economic Update October 2018 written by World Bank Group and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth remains strong, driven primarily by robust expansion in consumption and exports. Domestic demand has been boosted by higher wage growth and larger public investments, with fiscal expansion serving as stimulus. Public outlays were budgeted to increase to 24.6 percent of GDP in 2018 from 23.1 percent in 2017. At the same time, strong external demand has boosted exports of garment and footwear products, which increased 16.1 percent (y/y) during the first half of 2018 - a two year high-from 8.3 percent at the end of 2017. Tourist arrivals reached 3 million during the first six months of 2018, a 13.6 percent increase (y/y), compared with 11.8 percent in 2017, driven by a surge in tourist arrivals by air from China. Capital inflows, mainly comprising foreign direct investment (FDI) continue to increase, underpinning Cambodiaandapos;s stable external position. Official data showed rising FDI to the manufacturing sector, especially the textile, apparel, and footwear industries, and to agroprocessing. Vibrant construction activity continues to be financed by rising FDI inflows and domestic credit. FDI is estimated to have increased by 14.3 percent (y/y) during the first six months of 2018. About 90 percent of the inflows (excluding those to the financial sector) have originated from China and are directed toward the construction and real estate, agriculture and agroprocessing, and garment sectors. A growing proportion of FDI is now invested in the productive sectors, namely the manufacturing and agriculture sectors, albeit its share remains relatively small at about 20 percent of total inflows.

Download or read book Clear Skies written by World Bank Group and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cambodia Economic Update October 2018 written by Weltbankgruppe and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth remains strong, driven primarily by robust expansion in consumption and exports. Domestic demand has been boosted by higher wage growth and larger public investments, with fiscal expansion serving as stimulus. Public outlays were budgeted to increase to 24.6 percent of GDP in 2018 from 23.1 percent in 2017. At the same time, strong external demand has boosted exports of garment and footwear products, which increased 16.1 percent (y/y) during the first half of 2018 - a two year high--from 8.3 percent at the end of 2017. Tourist arrivals reached 3 million during the first six months of 2018, a 13.6 percent increase (y/y), compared with 11.8 percent in 2017, driven by a surge in tourist arrivals by air from China. Capital inflows, mainly comprising foreign direct investment (FDI) continue to increase, underpinning Cambodia's stable external position. Official data showed rising FDI to the manufacturing sector, especially the textile, apparel, and footwear industries, and to agroprocessing. Vibrant construction activity continues to be financed by rising FDI inflows and domestic credit. FDI is estimated to have increased by 14.3 percent (y/y) during the first six months of 2018. About 90 percent of the inflows (excluding those to the financial sector) have originated from China and are directed toward the construction and real estate, agriculture and agroprocessing, and garment sectors. A growing proportion of FDI is now invested in the productive sectors, namely the manufacturing and agriculture sectors, albeit its share remains relatively small at about 20 percent of total inflows.

Download or read book Cambodia Economic Update May 2019 written by World Bank Group and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Preliminary estimates show real growth achieved a four-year high of 7.5 percent in 2018, compared to 7.0 percent in 2017. Driven primarily by rapid expansion of exports and robust internal demand, the economy performed better-than expected. Exports burgeoned as external demand, especially in the United States and European Union markets, strengthened. Garment and footwear exports which account for more than two-thirds of total merchandise exports, recorded a five-year high, rising by 17.6 percent in 2018, up from 8.3 percent in 2017. Upbeat consumer confidence led to a surge in imports. Motor vehicles and steel imports, which gauge domestic consumption and construction demands, rose by 50 percent and 48 percent, respectively. The current account deficit widened to 10.4 percent of GDP in 2018, from 9.7 percent of GDP in 2017, but remained fully financed by foreign direct investment (FDI). FDI is estimated to have reached a record high of more than 3.0 billion US dollars or 13.4 percent of GDP in 2018. Burgeoning exports and strong FDI inflows have contributed to further accumulation of gross international reserves, which in 2018 reached 10.1 billion US dollars or about six months of prospective imports.