Fiscal Balance in Cambodia
Cambodia - Fiscal BalanceThe economy was likely one of the region’s top performers last year. In September—the most recent month of data—lending was up by over a quarter year-on-year, which should have stoked domestic demand. Moreover, the construction sector boomed amid an influx of Chinese capital. However, the flipside to the hot domestic economy was a surging current account deficit in Q1–Q3, suggesting the external sector weighed on activity. Turning to 2020, recent developments bode poorly for the first quarter. The coronavirus outbreak is likely affecting momentum via fewer Chinese tourist arrivals. Moreover, in February the EU partially withdrew Cambodia’s preferential market access, which will affect around 20% of Cambodia’s EU exports. On a more positive note, Prime Minister Hun Sen’s recent visit to Beijing suggests ties with China remain strong.
Cambodia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.6||-0.6||-0.3||-0.8||0.7|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||4,028||0.05 %||Jan 01|
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