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ADB: Cambodia’s Economic Growth to Hit 7%, the Highest among ASEAN Countries in 2019
Phnom Penh (FN), Aug. 3 – The Asian Development Bank (ADB) forecasts a 7 percent growth in gross domestic product (GDP) of Cambodia by 2019, the highest among any other ASEAN member states.
In its report, the ADB also stated that Cambodia’s GDP would grow 6.8 percent in 2020, while inflation rate would be 2.5% in 2019 and 2020. In addition, GDP per capita of Cambodia is also expected to grow at 4.4 percent in 2019 and 4.2 percent by 2020.
It is worth noting that Cambodia’s GDP grows from 6.9 per cent in 2016 to 7.0 per cent in 2017 to 7.3 per cent in 2018.
The Royal Government of Cambodia forecasts that Cambodia’s economic growth in 2019 remains high at 7.1 percent, driven by growth in exports, especially garments, investment, construction, and domestic consumption.
The World Bank and the International Monetary Fund (IMF) also forecasted that Cambodia’s economy grows by nearly 7 percent in 2019.
Source: http://en.freshnewsasia.com/index.php/en/localnews/14858-2019-08-03-07-35-56.html