Prime Minister says, Cambodia’s GDP growth higher in Y 2010

Cambodian Prime Minister Hun Sen said Tuesday that the country’s GDP growth in Y 2010 is 5.5%, higher than March’s forecast of 5%.

The growth rate is higher than the forecast by the International Monetary Fund, the Asian Development Bank and the World Bank at 4.8%, 5% and 4.9% respectively.

“Y 2010 was a good year for Cambodian economy with a significant growth of approximately 5.5%, attributive to the growth in tourism, agriculture and garment,” the premier said on Tuesday evening during the official opening of the 30th ASEAN Tourism Forum.

Last year, Cambodia achieved tourism growth of 16% with International tourist arrivals of around 2.5 million, he said.

The premier projects that Cambodia’s poverty line will go down to 19.5% by Y 2015 from 30% and 27.4% in Y 2007 and 2009 respectively.—Paul A. Ebeling, Jnr. www.livetradingnews.com

Posted by Shayne Heffernan on Jan 18th, 2011and filed underLatest News.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site