The Asian Development Bank (ADB) on October 22 lowered Cambodia's economic growth forecast to 1.9 percent this year, down from its April projection of 4 percent, due to the prolonged COVID-19 pandemic.
The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners.
The Asian Development Bank has revised its 2020 growth forecast for Cambodia upward thanks to the country’s improved agricultural performance and an increase in volume in non-garment manufacturing exports such as bicycles and electronics.
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