World Bank expects Cambodian economy to grow higher this year

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The World Bank on Wednesday released its latest edition of Cambodia’s economic outlook, expecting that the Kingdom’s economy will grow higher this year compared to last year.

 

The World Bank Cambodia Economic Update, a biannual report that provides up-to-date information on short- and medium-term macroeconomic developments, said Cambodia’s economic growth rate will reach 7.1 per cent this year.

 

The figure is slightly higher than the seven per cent recorded last year. The growth is driven primarily by domestic consumption and exports, which are largely supported by strong demand in the US and the EU.

 

read more https://www.phnompenhpost.com/business/world-bank-expects-cambodian-economy-grow-higher-year

 

 

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