Cambodia’s agriculture sector is unlikely to be able to substantially absorb laid-off workers from the garment and tourism industries, according to a World Bank report.
Cambodia's economy remained robust, underpinned by solid export performance and strong domestic demand, said the latest World Bank Cambodia Economic Update.
Cambodia's exports to the European Union (EU) could see an estimated decline of 513 - 654 million USD a year if the EU suspends the Everything But Arms (EBA) trade preferences for the country, said a World Bank's report released on May 6.
Cambodia’s economy grew 7.5 percent in 2018, driven largely by the rapid expansion of exports and ongoing construction boom, according to the World Bank’s Cambodia Economic Update, which was released on May 6.
The Cambodian economy is expected to expand 7 percent in 2018, compared to 6.9 percent last year, underpinned by external demand and upbeat investor sentiment, a new World Bank (WB) report said on October 4.