This 2013 Article IV Consultation highlights that economic activity in Cambodia remained strong in 2013 driven by robust exports, with garment exports helped by preferential access to European Union, and tourism with more diversified destinations. Real estate and construction also expanded, rapidly supported by fast credit growth. Foreign direct investment remained strong partly driven by factories relocating from China and Vietnam. The IMF Staff estimates real GDP growth to remain at 7 percent in 2013 owing to the sluggish global economic recovery, the recent floods, and the slowdown in economic activity during the election period.The 2014 Budget. The budget envisages an additional 25 percent increase in wage bill, particularly for low salary bands, to promote human resource development in public administration and improve public services in line with the authoritiesa#39;anbsp;...
|Title||:||Cambodia: Staff Report for the 2013 Article IV Consultation|
|Author||:||International Monetary Fund. Asia and Pacific Dept|
|Publisher||:||International Monetary Fund - 2014-02-05|