Cambodian Prime Minister Hun Sen predicted that the economic growth of the country could be 7 percent next year, despite a recent IMF growth forecast of under 5percent, national media reported Saturday.
A heavy rainy season, which boosts rice crops, could help bolster GDP growth to 7 percent, Hun Sen said at the 14th Government-Private Sector Forum, according to the Cambodia Daily newspaper.
However, dropping demand and international financial turmoil have darkened the country's economic horizon, Hun Sen said.
Hun Sen also agreed to suggestions that farmers be offered contract farming to help assure reasonable prices for their products.
Meanwhile, Hun Sen said that he had ordered a 100 U.S. dollars reduction to the price of passports issued to Cambodian migrant workers, which will now cost only 24 U.S. dollars including the price of photographs.
Source:Xinhua
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