Wednesday, 01 October 2014

Economy

US Not Over Cliff, Not Out of Woods: Economist

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Sok KhemaraVOA Khmer
WASHINGTON DC - Although the US averted the so-called “fiscal cliff,” a Cambodian economist in the US says the world still faces a number of economic challenges as Congressional leaders continue to wrestle with ongoing budget questions.

And the differing views on taxes and spending that are at the core of the debate between Democrats and Republicans will not be easily reconciled, Duch Darin, an economist based in Florida, told VOA Khmer in a Skype interview.

A last-minute budget agreement last week averted a round of automatic spending cuts and tax hikes, referred to as the fiscal cliff, but Congress still has not approved an overall budget, a process that could take another two months. The US stock market rebounded with the news of last week’s agreement, but Duch Darin said that kind of unsteady growth won’t last forever.

“The boost is probably for a short period of time, because the approved budget bill in the US is just part of the solution, and another part has not been solved,” he said.

US Not Over Cliff, Not Out of Woods: Economist i
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08 January 2013
Although the US averted the so-called “fiscal cliff,” a Cambodian economist in the US says the world still faces a number of economic challenges as Congressional leaders continue to wrestle with ongoing budget questions. And the differing views on taxes and spending that are at the core of the debate between Democrats and Republicans will not be easily reconciled, Duch Darin, an economist based in Florida, told VOA Khmer in a Skype interview.

“For the Democratic Party, they want to raise taxes on the rich, while the Republican Party doesn’t want to,” he said. “On another point, on government expenses, the Democratic Party wants a government with more expenses to improve the US economy, while the Republicans want a smaller government with less spending.”

Duch Darin said the US economy is likely to improve over the first quarter of the year, as investors gain confidence over the decreasing ambiguity in the US budget.
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Cambodia Foreign Minister UN Speech Touches More on World Issues, Less on Cambodiai
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29 September 2014
Cambodian Foreign Minister Hor Namhong's speech to the UN’s General Assembly on Monday in New York touches more on world issues and less on Cambodia. Before delivering his speech at UNGA, Hor Namhong told VOA Khmer that Cambodia was now enjoying peace and political stability after the two winning political parties in 2013 election had agreed to work together. His speech comes as Cambodia’s profile on the world stage has expanded in recent years. Cambodia has and improved economy and a growing participation in UN missions around the world. But Hor Namhong’s speech also comes amid deep criticism of Cambodia’s human rights record and a controversial agreement with Australia to help it resettle refuges in exchange for aid money. (VOA Khmer's Pin Sisovann, Washington)

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