IMF Says Broader, Export-Led Recovery Is Underway in Cambodia

By Rebecca Christie - Dec 14, 2010 7:05 PM GMT+0100

The International Monetary Fund today said Cambodia’s economy is recovering and still faces risks from the fragile global economy, and particularly the country’s dependence on exports to the U.S. and Europe.

“A broadening, export-led recovery is under way,” the IMF said in a statement in Washington. “Near-term risks are tilted to the downside.”

The IMF projects Cambodia will post growth of 4.8 percent in 2010, as measured by gross domestic product, with a 4 percent rise in the country’s consumer price index. Growth is expected to return gradually to a medium-term potential of 6 percent to 7 percent, the IMF said.

To contact the reporter on this story: Rebecca Christie in Washington atrchristie4@bloomberg.net;

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net