CAMBODIAN economists and trade officials have urged the government to focus on small and medium-sized entreprises rather than foreign investment to boost the economy during the global downturn. “Only small and medium-sized enterprises can be used as a tool to boost our growth,” said Kang Chandararot, director of the Cambodia Institute for Development Study. He [...]
Posts Tagged ‘global economic crisis’
Decline in 27 percent of Cambodian garment exports
March 12th, 2009 
Cambodia Economy Cambodian garment industry was hard hit by the world economic crisis and due to the drop in demand from its main markets such as United States and European Union. Decline of demand of the US and EU markets also show that exports to the US and European Union decreased 35 percent and nearly 10 percent [...]
Low garment sales, poor tourism to hit Cambodia-IMF
March 7th, 2009 Cambodia Economy 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 [...]
Posted in Economy 
Tags: Cambodian economy, export, Garment sector, GDP, global economic crisis, IMF, international trade, tourism 
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