Then the ones who pleased the Lord will ask, "When did we give you something to eat or drink? When did we welcome you as a stranger or give you clothes to wear or visit you while you were sick or in jail?"
The King will answer, "Whenever you did it for any of my people, no matter how unimportant they seemed, you did it for me." .......Matthew 25

Thursday, February 12, 2009

Cambodia's economy 2009

This is excerpted from Stephen Kurczy's report in Asia Times Online

"Until now, integration with global markets had buoyed the Cambodian economy. With the implementation of more market-oriented reforms, including measures to lure foreign investment, average per capita annual income more than doubled to $593 in 2007 from $285 in 1997. Now many fear a reversal of fortunes that could drive more Cambodians, already estimated at 35% of the population, back under the poverty line. Cambodia's poor were already hard hit by last year's spike in inflation, which soared to 25% last May before moderating to an overall annual rate of 13.5%."

For the full article entitled "Cambodia shares the pain", click here.

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