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Hun Sen’s rosy economic outlook … albeit not distributed equally nor equitably

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Hun Sen estimates that the rate of poverty will be at 30% in 2008

29-02-2008
By Ky Soklim
Cambodge Soir Hebdo
Translated from French by Luc Sâr

The economic growth in the country for 2008 was evaluated at 7.3% versus 9.6% for 2007, and 10.8% in 2006. That was what Hun Sen announced on Thursday 28 February during a conference on economic outlook for the country in 2008.

Hun Sen self-complimented for these numbers, but he regretted that the growth was not distributed equally and equitably.

In 1994, the rate of poverty was at 47%. In 2004, it fell to 24%. No actual survey (on poverty rate) was made in 2004, but based on an (assumed) reduction of more than 1% per year, Hun Sen estimated the rate of poverty at 30% in 2008.

He recalled that the GDP per capita is $589, but that this would reach $1,000 in 2015.

Written by Kolbot Khmer

March 3, 2008 at 6:25 pm

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