Tag Archives: GDP

Prime minister: Revise GDP calculation

PRIME Minister Hun Sen wants national economic growth to include the domestic output of women in individual families and small-scale agriculture, criticising recent estimates for therefore being incorrect in omitting such information. The premier requested that the National Institute of Statistics consider incorporating “home-garden yield” into national growth estimates. “We haven’t calculated GDP per capita … Continue reading

World Bank: Global economy to shrink in 2009 for the 1st time since WWII

WASHINGTON, March 8 (Xinhua) — The World Bank said on Sunday that the global economy will shrink in 2009 for the first time since World War Two and estimated developing countries face a financing shortfall of 270-700 billion dollars this year. In a paper for next Saturday’s meeting of the Group of 20 finance ministers … Continue reading

Low garment sales, poor tourism to hit Cambodia-IMF

PHNOM PENH, March 6 (Reuters) – A slowdown in garment exports and a drop in the number of tourists could cause Cambodia’s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday. That is a big turnaround from the 4.8 percent growth the IMF had forecast in November. “Garment exports are … Continue reading

Deficit a risky business during global crisis

Asian leaders maintain that the region is in better shape than other areas of the world. Do you believe that Asia will escape the worst effects of the crisis? Asia has two major problems – current accounts deficits are rising and trade is in decline…. Over the next six months or so, countries with current … Continue reading