{"id":457,"date":"2009-03-06T21:18:30","date_gmt":"2009-03-06T13:18:30","guid":{"rendered":"http:\/\/www.rice4life.sg\/bulletin\/?p=457"},"modified":"2009-03-08T21:20:15","modified_gmt":"2009-03-08T13:20:15","slug":"low-garment-sales-poor-tourism-to-hit-cambodia-imf","status":"publish","type":"post","link":"http:\/\/www.rice4life.sg\/bulletin\/current-affairs\/low-garment-sales-poor-tourism-to-hit-cambodia-imf\/","title":{"rendered":"Low garment sales, poor tourism to hit Cambodia-IMF"},"content":{"rendered":"<blockquote><p>PHNOM PENH, March 6 (Reuters) &#8211; A slowdown in garment exports and a drop in the number of tourists could cause Cambodia&#8217;s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday.<\/p>\n<p>\u00a0<\/p>\n<p>That is a big turnaround from the 4.8 percent growth the IMF had forecast in November.<\/p>\n<p>\u00a0<\/p>\n<p>&#8220;Garment exports are under pressure due to sharply lower retail demand in the United States and European Union,&#8221; it said in a statement after an IMF team ended a mission to the Southeast Asian country. Garments are Cambodia&#8217;s biggest export earner.<\/p>\n<p>\u00a0<\/p>\n<p>Construction activity and foreign investment were also slow as external investors cut back, the IMF said said.<\/p>\n<p>\u00a0<\/p>\n<p>The World Bank projected foreign direct investment of around $800 million in 2008 and has said it could fall &#8220;probably to below $600 million&#8221; in 2009.<\/p><\/blockquote>\n<p>Source: Reuters India<\/p>\n<p>\u00a9 Thomson Reuters 2009 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHNOM PENH, March 6 (Reuters) &#8211; A slowdown in garment exports and a drop in the number of tourists could cause Cambodia&#8217;s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday. \u00a0 That is a&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.rice4life.sg\/bulletin\/current-affairs\/low-garment-sales-poor-tourism-to-hit-cambodia-imf\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/457"}],"collection":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/comments?post=457"}],"version-history":[{"count":1,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/457\/revisions"}],"predecessor-version":[{"id":458,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/posts\/457\/revisions\/458"}],"wp:attachment":[{"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/media?parent=457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/categories?post=457"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rice4life.sg\/bulletin\/wp-json\/wp\/v2\/tags?post=457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}