Country Risk Service Cambodia
The Economist Intelligence Unit, April 2013, Pages: 22
The prime minister, Hun Sen, and his ruling Cambodian People's Party (CPP) will continue to dominate politics in 2013-17. The CPP holds over two-thirds of the seats in the lower house of parliament. The apparatus of state will continue to be used against the government's opponents, such as the opposition leader, Sam Rainsy, who remains in self-imposed exile after being sentenced in absentia to 11 years in prison. GDP growth is estimated to have slowed to 6.4% in 2012, but it will pick up to 7% in 2013 and 7.2% in 2014 and will then average 7.3% a year in 2015-17. The National Bank of Cambodia (the central bank) will seek to restrain money supply growth. However, the effectiveness of policy will continue to be limited by the fact that the Cambodian economy is highly dollarised. Annual consumer price inflation will accelerate to 4.6% on average in 2013-17, from an estimated 2.9% in 2012. The current-account deficit will remain substantial as a proportion of GDP in the forecast period.
An independent audit of Cambodia's voter registry by pro-democracy groups has reported that the list features serious errors and discrepancies. These findings raise questions about the fairness of the upcoming general election in July.
Following an inconclusive end to wage talks between garment workers and employers in March, the government announced that a new minimum wage of US$75 per month--a rise of US$14--would take effect from May. The decision is unlikely to end worker discontent about low wages, but employers are concerned that the international competitiveness of the garment sector will be affected.
Country Risk Service Cambodia
Cambodia at a glance: 2013-17
OVERVIEW
Key changes from last month
Political outlook
Economic policy outlook
Economic forecast
Risk assessment
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk
Sovereign risk
Current assessment
Positive factors
Negative factors
Outlook
Currency risk
Current assessment
Positive factors
Negative factors
Outlook
Foreign-exchange regime
Banking sector risk
Current assessment
Positive factors
Negative factors
Outlook
Generic risks
Political risk assessment
Economic structure risk assessment
Country risk
Overall country risk
Rating definitions
Sovereign risk
Currency risk
Banking sector risk
Political risk
Economic structure risk
Overall country risk
Central scenario for 2013-17: Political stability
Central scenario for 2013-17: Election watch
Central scenario for 2013-17: International relations
Central scenario for 2013-17: Policy trends
Central scenario for 2013-17: Fiscal policy
Central scenario for 2013-17: Monetary policy
Central scenario for 2013-17: Economic growth
Central scenario for 2013-17: Inflation
Central scenario for 2013-17: Exchange rates
Central scenario for 2013-17: External sector
Central scenario for 2013-17: External financing requirement
Central scenario for 2013-17: External debt
Key risk indicators
Ratings summary
Quarterly indicators
International assumptions summary
Economic structure
Public finances
Exchange rates, interest rates and prices
Financial sector
Current account
International liquidity
Foreign payment and liquidity indicators
External trade
External financing requirement
External debt stock
External debt service
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
