Cambodia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
IMF Staff Country Reports, October 20, 2017
Source details
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- Cambodia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
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Bibliographic details
- Published: October 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484325094.002
Key findings
- Real GDP growth expected at 6.9 percent in 2017.
- Moderating private investment was offset by higher public spending and robust construction and tourism activities.
- Headline inflation rose to 3 percent in 2016 and 3.5 in the first half of 2017, driven mainly by higher food and energy prices.
- Overall credit growth has slowed, owing in part to policy measures.
- Real estate sector–related bank credit growth remains strong, supported by demand for housing from Cambodia’s young and growing middle-income population.
- Real GDP growth is projected to remain robust over the next few years.
Macroeconomic outlook and projections
- Growth: 6.9 percent expected for 2017.
- Projection summary: Real GDP growth projected to remain robust over the next few years (no specific year-by-year numbers provided in the source content).
Inflation dynamics
- Headline inflation: 3 percent in 2016.
- Headline inflation: 3.5 in the first half of 2017.
- Main drivers: higher food and energy prices.
Credit and financial sector developments
- Overall credit growth: slowed, in part due to policy measures.
- Sectoral divergence: real estate sector–related bank credit growth remains strong.
Fiscal and investment context
- Public spending: increased and helped offset moderating private investment.
- Investment composition: construction and tourism activities described as robust contributors to growth.
Content in this bundle
- Country Report