Cambodia Economic Update, October 2017 : Cambodia Climbing Up the Manufacturing Value Chains
Growth remains robust, but is projected to ease slightly to 6.8 percent in 2017, comparedwith 7.0 percent in 2016. Exports of clothing and other textile products have moderated andthe construction sector is showing signs of easing. Offsetting decel...
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| Language: | English |
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World Bank, Phnom Penh
2017
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| Online Access: | http://documents.worldbank.org/curated/en/628341511277852360/Cambodia-economic-update-Cambodia-climbing-up-the-manufacturing-value-chains-October-2017 http://hdl.handle.net/10986/28929 |
| Summary: | Growth remains robust, but is projected
to ease slightly to 6.8 percent in 2017, comparedwith 7.0
percent in 2016. Exports of clothing and other textile
products have moderated andthe construction sector is
showing signs of easing. Offsetting deceleration in the
exports ofclothing and other textile products, is the rising
share of non-textile product exports, especiallythe exports
of electrical machinery, equipment and auto parts, attracted
by improvedconnectivity and access to a more reliable energy
supply. Efforts to increase tourism potentialseem to be
paying off with a marked increase in the arrival of foreign
tourists. Real growthis projected to remain strong,
expanding at 6.9 percent in 2018. The medium-term
outlookremains positive, boosted by export diversification
and underpinned by healthy inflows offoreign direct
investment (FDI) and an improving global outlook. A possible
slowdown ofthe regional economy, especially China, and
potential election-related uncertainties posedownside risks
to the outlook. |
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