Cambodia : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia

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Cambodia : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cambodia
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Volume/Issue:
2015/307
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Asia and Pacific Dept
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
November 2015
DOI:
http://dx.doi.org/10.5089/9781513520254.002
ISBN:
9781513520254
ISSN:
1934-7685
Page:
69
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.
Article

Statement by Mr. Marzunisham Omar, Executive Director; Ms. Pornvipa Tangcharoenmonkong, Alternate Executive Director; and Mr. Suasdey Chea, Advisor to the Executive Director on Cambodia

Author(s):
International Monetary Fund. Asia and Pacific Dept
Published Date:
November 2015
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