Cambodian govt projects country's economy to grow at 5.4% in 2022
03 Aug 22 2 min read
“Our total external debt stands between 33 per cent and 35 per cent of the GDP [gross domestic product], which is still lower than the threshold of 40 per cent,” MEF spokesperson Meas Soksensan told a press conference.
“The war between Russia and Ukraine is creating issues such as high inflation due to the rising prices of oil and food items. The MEF will continue to monitor and evaluate the situation and put in place intervention measures in a timely manner,” he was quoted as saying by Cambodian media reports.
The MEF will continue its efforts to revitalise the economy through the implementation of the ‘Strategic Framework and Programme to Restore and Promote Cambodia’s Economic Growth’ as part of living in a new normal way with COVID-19 policy.
- French unemployment rate stable at 7.5% in Q1 2024: INSEE
- Six MoUs signed at Cambodia-Korea Business Forum in Seoul
- US import prices up 0.9% in Apr 2024; export prices up 0.5%
- OECD unemployment rate stable at 4.9 per cent in March 2024
- EU’s greenhouse gas emissions decline 4% in Q4 2023
- 3 RCEP members among top 10 markets for Cambodian garments
The government will also streamline public revenue management and step up tax revenue collection, he added.
Fibre2Fashion News Desk (DS)
Popular News
|
Global cotton market witnesses steep decline in benchmark prices |
|
China dominates as India's top yarn, fabric & home textiles supplier |
|
Small spaces dominate US retail leases in Q1 2024: JLL report |
|
ICE cotton prices fall amid strong crop forecasts, speculative trading |
|
China's e-commerce logistics sector sees growth in April 2024 |
|
UK employment rate estimated 74.5% in Q1 2024, unemployment rate 4.3% |