Resilience Amidst a Challenging Environment : Cambodia Economic Update, September 2013

According to the June 2013 global economic prospects, the global economic environment remains fragile, although the balance of risks is now less skewed to the downside than it has been in recent years. The US has been signaling an exit from quantitative easing. Developing country currencies have come under pressure, and their interest rates have been on the rise, contributing to inflation and weaker growth. This may complicate in particular those economies that have seen big increases in credit during the period when interest rates were low, or where current account and government deficits are high. Developing economies remain the main driver of global growth, but their output has slowed compared with the pre-crisis period. The Cambodian economy remains robust amidst the challenging global economic environment, and prospects for meeting the growth projection of 7 percent in 2013 appear favorable. In sum, the key messages include: (a) sustain robust growth by promoting diversification and enhancing competitiveness; (b) maintain banking and financial stability with effective supervision; and (c) improve fiscal management by increasing revenue and more efficient spending.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013-09
Subjects:	ACCOUNTING, ASSET PRICE, BALANCE OF PAYMENTS, BANK FINANCING, BANK MARKET, BANKING SECTOR, BANKING SYSTEM, BASKET OF GOODS, BILL, BORROWING COSTS, BROAD MONEY, BUDGET DEFICIT, BUFFER, CAPACITY CONSTRAINTS, CAPITAL ACCOUNT, CAPITAL FLOWS, CAPITAL INFLOWS, CAPITAL INVESTMENTS, CAPITAL OUTLAYS, CAPITAL REQUIREMENTS, CENTRAL BANK, CENTRAL BANKS, CERTIFICATES OF DEPOSITS, CLEARING HOUSE, COMMERCIAL BANKS, COMMODITY PRICES, COMPETITIVENESS, CONSOLIDATION, CONSUMER PRICE INDEX, CONSUMPTION GOODS, CONTINGENT LIABILITY, CREDIT GROWTH, CURRENT ACCOUNT, CURRENT ACCOUNT BALANCES, CURRENT ACCOUNT DEFICIT, CURRENT ACCOUNT DEFICITS, CURRENT ACCOUNTS, DEBT, DEBT BURDEN, DEBT DISBURSEMENT, DEBT MANAGEMENT, DEBT STOCK, DEBT SUSTAINABILITY, DEFICIT FINANCING, DEPOSIT, DEPOSIT MONEY BANK, DEPOSIT MONEY BANKS, DEPOSITS, DEPRECIATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DOLLAR EXCHANGE RATE, DOMESTIC BANK, DOMESTIC CREDIT, DOMESTIC CREDITS, DOMESTIC FINANCIAL SYSTEM, DOMESTIC MARKET, DOMESTIC-CURRENCY, DOMINANT CURRENCY, DURABLES, ECONOMIC CRISIS, ECONOMIC ENVIRONMENT, ECONOMIC GROWTH, EFFECTIVE EXCHANGE RATES, EURO ZONE, EXCHANGE RATE, EXCHANGE RATE INTERVENTION, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXPORT MARKET, EXPORTERS, EXTERNAL DEBT, EXTERNAL FINANCING, EXTERNAL SHOCKS, FINANCIAL CRISIS, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL RISK, FINANCIAL RISKS, FINANCIAL STABILITY, FINANCIAL SYSTEM, FISCAL BALANCE, FISCAL BALANCES, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL POLICY, FISCAL POSITION, FOOD PRICE, FOOD PRICES, FOREIGN ASSET, FOREIGN ASSETS, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN CURRENCY LOANS, FOREIGN DIRECT INVESTMENT, FOREIGN DIRECT INVESTMENTS, FOREIGN FINANCING, FOREIGN INVESTMENTS, FOREIGN LIABILITIES, GLOBAL CURRENCY, GLOBAL ECONOMY, GLOBAL MARKETS, GOLD, GOVERNMENT DEFICITS, GOVERNMENT FINANCES, GOVERNMENT REVENUE, GROWTH RATE, GROWTH RATES, HIGH INFLATION, HIGH-INCOME COUNTRIES, HOLDING, HUMAN DEVELOPMENT, IMPORT, IMPORT DEMAND, IMPORT TARIFFS, IMPORTS, INCOME SHOCK, INCOME TAX, INFLATION, INFLATION RATES, INFLATIONARY PRESSURES, INSTRUMENT, INTEREST INCOME, INTEREST PAYMENT, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATE SPREAD, INTEREST RATES, INTERNATIONAL CAPITAL, INTERNATIONAL FINANCIAL STATISTICS, INTERNATIONAL RESERVES, INTERNATIONAL TRADE, INTERNATIONAL TRANSACTIONS, INVESTMENT OUTLAY, INVESTMENT REGIMES, INVESTMENT REQUIREMENTS, INVESTOR INTEREST, LABOR FORCE, LABOR MARKET, LENDER, LENDER OF LAST RESORT, LIABILITY MANAGEMENT, LIQUIDITY, LOAN, LOCAL CURRENCY, MACROECONOMIC MANAGEMENT, MACROECONOMIC PERFORMANCE, MACROECONOMIC POLICIES, MACROECONOMIC POLICY, MACROECONOMIC STABILITY, MAJOR CURRENCIES, MARKET CONDITIONS, MARKET RATE, MARKET SHARE, MONETARY AGGREGATES, MONETARY AUTHORITIES, MONETARY INSTRUMENTS, MONETARY POLICY, MONEY STOCK, MONEY SUPPLY, MORTGAGE, NARROW BAND, NATIONAL BANK, NOMINAL DEPRECIATION, NOMINAL EXCHANGE RATE, NOMINAL EXCHANGE RATES, OIL PRICE, OIL PRICES, OPEN ECONOMY, OTHER CURRENCIES, PEG, PERSONAL INCOME, POLITICAL UNCERTAINTY, POVERTY REDUCTION, PRIVATE FINANCING, PRIVATE SECTOR CREDIT, PRIVATE SECTOR INVESTMENTS, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC SPENDING, PURCHASING POWER, REAL EFFECTIVE EXCHANGE RATE, REGIONAL INFLATION, RESERVE, RESERVE REQUIREMENT, RESERVES, RISKY ASSETS, SECURITIES, SEIGNIORAGE, STOCKS, STORE OF VALUE, SUPPLY CONDITIONS, SURPLUS, SURPLUSES, TARIFF BARRIERS, TAX, TAX COLLECTION, TELECOMMUNICATIONS, TIME DEPOSITS, TOTAL CREDITS, TOTAL DEPOSITS, TOTAL EXPORTS, TOTAL IMPORTS, TRADE BALANCE, TRADE DEFICIT, TRADE DEFICITS, TRADE FINANCING, TRANSITION COUNTRIES, TREASURIES, WEAK DEMAND, WEIGHTS, WITHDRAWAL, WORLD DEVELOPMENT INDICATOR, WORLD ECONOMY, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/2013/09/18382202/resilience-amidst-challenging-environment-cambodia-economic-update https://hdl.handle.net/10986/16632
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