PRIME Minister Hun Sen on Monday dismissed recent GDP growth forecasts by international organisations, urging the population to concentrate on work rather than predictions on the Kingdom’s economic output for 2009.
Speaking Monday at an inauguration ceremony for a new Ministry of Tourism building in Phnom Penh, Hun Sen again predicted that the agricultural sector would flourish this year.
“Whatever the forecast is – positive or negative – it is not important because it is just a figure,” he said.
The Asian Development Bank (ADB) last week projected that the agricultural sector would be one of the few bright spots for the Kingdom’s economy, forecasting 5 percent year-on-year growth for 2009.
But ADB and the International Monetary Fund both lowered their predictions last week for Cambodian growth in 2009, to 1.5 percent and 2.75 percent contractions respectively. Click to read more...
Wednesday, September 30, 2009
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