Asean is the world’s sixth-largest economy with a GDP of more than $2.5 trillion and an annual growth rate of around 5 percent.
China’s National Bureau of Statistics (NBS) announced Monday that China’s GDP was 90.03 trillion yuan ($13.26 trillion) in 2018, posting a 6.6 percent growth rate for the year.
Cambodia won’t stay hidden from international investors for much longer. Revised GDP figures from the World Bank show growth will hit 7 percent yet again. Cambodia has been growing this fast since the global crisis of 2008-2009.
Vietnam’s economy is highly dependent on foreign trade. In recent years, the sum of its exports and imports increased to as much as 185 per cent of GDP.
The Vietnamese economy continued to show resilience overall in 2018. But Suiwah Leung warns the country’s challenges and risks are mounting and the government needs to continue with more ambitious reforms.
Earlier this year, the World Bank reiterated that Cambodia’s GDP growth will stay above 6 percent through 2020.
Just under ten years ago, the International Commission on the Measurement of Economic Performance and Social Progress issued its report, Mismeasuring Our Lives: Why GDP Doesn’t Add Up. The title summed it up: GDP is not a good measure of wellbeing.
The chairman of the Commission on Economy, Finance, Banking and Audit yesterday reiterated his view that the Kingdom’s foreign debt should not be a cause of major concern yet, as it is at just over 32 percent of gross domestic product (GDP).
The speedy development of Cambodia’s real estate sector has been a key factor in the country’s constant GDP growth of around 7%. Indeed, growth has hovered at this level for nearly a decade.
The agriculture industry will remain sustainable as long as best practices are adopted.
Smart Axiata contributes $339 million or 1.5% to Cambodia’s gross domestic product.
Telecommunication network operator Smart Axiata Co Ltd contributed $339 million or 1.5 percent to Cambodia’s gross domestic product (GDP) of $22 billion in 2017, an 8.3% increase year-on-year from $313 million, said its chief executive officer Thoman Hundt.
The IMF says Cambodia’s GDP will hover around 7.25% in the near term.
Cambodia’s GDP will grow by 7% in 2018 and 2019, forecasts Asian Development Bank.
The Cambodian Nationality Party said today that the Sunday’s election was conducted freely and fairly without any violence and intimidation.
Using the conventional poverty rate as an indicator to measure Cambodia’s economic success will soon be obsolete, argues Sim Vireak.
China’s GDP growth reaches 6.8 percent year-on-year in the first half of this year.
The National Bank says the country’s real economic growth will average 7% this year.
Climate change will continue to impact economic performance.
Mahathir Mohamad says the new government will look to cut down the country’s debt.
If left unchecked, a decline in Australia’s influence will continue quite rapidly over the coming decade, writes Nick Bisley.
Japan’s economy slid into reverse for the first time in two years at the beginning of the year, hit by sluggish consumption.
Asean is at a critical juncture. Whether it progresses or withers largely depends on the capacity of Asean to envision its role in a fluid global geopolitical environment.
Rating agency Moody renewed Cambodia’s B2 credit rating, a decision based on the kingdom’s stable outlook.
Nanshan District in Shenzhen is now China’s richest ward that surpasses Hong Kong.
Agriculture plays a crucial contribution to economic growth, but a dramatically slowdown in the last 5 years has led to concern.
US economic growth slowed less than previously estimated in the fourth quarter.
Economic minister says the kingdom now enjoys greater levels of financial freedom.
China sets its 2018 economic growth target at “around 6.5%”, lower than the 6.9% increase registered last year.
The Kingdom can no longer depend on the same old growth drivers to sustain its economy if it wants to move into higher value-added production and climb up the global value chain, writes Pheakdey Heng.