Cambodia’s economy forecasted to grow by 2.5 percent this year

Cambodia’s economic growth is forecasted to grow by just 2.5 percent this year, down from the previous projection of over 4 percent. The figures were made known by Prime Minister Hun Sen at a press conference following the launch of the vaccination campaign of the under-18s, held here at the Peace Palace Sunday morning.

The Premier also laid stress on the supporting sectors for the country’s economic growth, particularly agriculture. Hun Sen quoted a report from Minister of Agriculture, Forestry and Fisheries Veng Sakhon, affirming that the agricultural exports increased more than expected.

The rice export went down a bit, but the shipment of paddy rice to Vietnam and United Arab Emirates rose by 200 percent while the export of cashew nuts by 300 percent, along with the increase in the export of cassava, mangoes, bananas, etc.

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