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EIU revises Cambodian economic growth forecast
05 Sep '09
1 min read
The Economist Intelligence Unit (EIU) has revised the growth forecast of 2009 from a negative growth of 3 percent to a lower negative 1.5 percent growth rate for Cambodia.
The reasons put forward by EIU for doing so, is that the worldwide recession is expected to be less severe than expected, mainly due to the effects of stimulus packages declared by a majority of governments.
It also revised growth projection rates for 2010 from 2.2 percent to 3.3 percent.
The reasons put forward by EIU for doing so, is that the worldwide recession is expected to be less severe than expected, mainly due to the effects of stimulus packages declared by a majority of governments.
It also revised growth projection rates for 2010 from 2.2 percent to 3.3 percent.
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