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

International Monetary Fund

No 2015/307, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; debt; authority; real GDP; deficit; credit growth; growth outlook; private sector credit; spending mix; government deposit; Credit; Public and publicly-guaranteed external debt; Global; Asia and Pacific; Europe (search for similar items in EconPapers)
Pages: 69
Date: 2015-11-16
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