Cambodia’s 2018 economic forecast at +7%

[geovalin]

The April 2018 edition of the World Bank East Asia and Pacific Economic Update, released this morning, showed that Cambodia’s growth trajectory is expected to continue.  The World Bank’s forecast for Cambodia’s economic growth is 6.9 percent, while the Asian Development Bank and the International Monetary Fund augur 7 percent. It said that the projected increase will peak there and, in the short and medium term, decelerate at a modest pace. Growth in 2018 is expected to be underpinned by rising government spending and favourable global conditions.

 

In the medium term, large foreign direct investments and public expenditures in the Kingdom’s infrastructure are expected to boost aggregate demand and expand the economy’s productive capacity. Sudhir Shetty, the World Bank’s chief economist for East Asia and the Pacific, said that political uncertainty and the upcoming election will not significantly destabilize economic activities.

 

He said: “…obviously there is the possibility that economic stability [may be affected by] the result of the election … the effects would probably be primarily in the investment sector. “The … anticipated growth for Cambodia does not take account of that [political uncertainty].  This is true not only for Cambodia, but for a number of countries in the region with elections in the next six to 12 months.

 

read more https://www.khmertimeskh.com/302311/cambodias-2018-economic-forecast-at-7/

 

 

-- © Copyright Khmer Times 13/04

[Sheryl]

Ah, but what will be the rate of inflation?

 

Cambodia has seen huge economic growth in the past decade but also huge rise in cost of living.

[my friend I]

Price of land increase in the last few years has been impressive even in not popular places.

[4737 Carlin]

Yes, its more expensive here than Thailand or Vietnam - bit still a dump. The third-world with first-world prices. 

[Scouse123]

17 minutes ago, 4737 Carlin said:

Yes, its more expensive here than Thailand or Vietnam - bit still a dump. The third-world with first-world prices. 

 Totally agree with you.

 

It makes me wonder what they are thinking and where they get these Cloud Nine valuations from.

Edited April 14, 2018 by Scouse123

[Scouse123]

On 4/13/2018 at 11:22 AM, Sheryl said:

Ah, but what will be the rate of inflation?

 

Cambodia has seen huge economic growth in the past decade but also huge rise in cost of living.

 

Sheryl,

 

Yes, and wages have not gone up nearly as much to keep pace with it.

 

However, Hun Sen and co are not concerned with the Cambodian farmer and his family even though that is where he came from.

 

Laos is pretty much the same. Two meals and their day's wages are more or less gone for the guys working on construction sites.

.

[Scouse123]

On 4/13/2018 at 11:22 AM, Sheryl said:

Ah, but what will be the rate of inflation?

 

Cambodia has seen huge economic growth in the past decade but also huge rise in cost of living.

 

Edited April 14, 2018 by Scouse123