Thailand
Cambodia: IMF sees rapid credit growth as main risk to economy
Cambodia: IMF sees rapid credit growth as main risk to economy
Tue, 19 July 2016 – Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a ?soft landing? of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the conclusion of its annual Article IV consultation.
?[Economic] growth is projected to remain robust around 7 per cent for 2016-17, supported by strong garments exports, real estate and construction activity as well as the reduction in oil prices,? an IMF mission concluded following a two-week visit to assess Cambodia?s macroeconomic developments. Read More?