Cambodia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
November 16, 2015
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This 2015 Article IV Consultation highlights that economic activity in Cambodia remained strong with a growth rate at 7 percent in 2014, notwithstanding appreciation of the real effective exchange rate following U.S. dollar strengthening and growing competition from other low-cost garment producers. Inflation fell in 2014 and through 2015, owing to strong external disinflationary pressures from lower food and oil prices. The short-term outlook remains broadly favorable. Growth is projected to remain robust at 7 percent in 2015, while inflation is projected to rise gradually to about 2 percent by end-2015. The fiscal deficit is projected to rise modestly to 2 percent in 2015 as a result of strong measures to improve revenue administration.
Subject: Bank deposits, Banking, Credit, External debt, Money, National accounts, Public and publicly-guaranteed external debt, Public debt
Keywords: Asia and Pacific, authority, CR, Credit, credit growth, debt, deficit, Europe, Global, government deposit, growth outlook, ISCR, private sector credit, Public and publicly-guaranteed external debt, real GDP, spending mix
Pages:
69
Volume:
2015
DOI:
Issue:
307
Series:
Country Report No. 2015/307
Stock No:
1KHMEA2015001
ISBN:
9781513520254
ISSN:
1934-7685
