Growth to ease through 2018

[geovalin]

Ananth Baliga

Cambodia is forecast to have sub-7 per cent gross domestic product growth for the next three years, with reverberations from a China slowdown, the recently signed Trans-Pacific Partnership and constrained garment exports expected to weigh down the economy, according to a new World Bank report.

The Global Economic Prospects report, released yesterday, shows that the development bank forecasts 6.9 per cent growth in 2016, with 6.8 per cent forecast for 2017 and 2018. Whereas, growth in the East Asia Pacific region slowed to 6.4 per cent in 2015, with a further easing expected through 2018.

“This projection assumes that a gradual slowdown in China offsets a modest pickup in ASEAN countries,” the report reads. “Risks to the forecast remain tilted to the downside.”

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