ADB retains forecast of 7 pct economic growth for Cambodia this year

Phnom Penh – The Asian Development Bank (ADB) forecast Cambodia’s gross domestic product (GDP) growth to maintain its strong momentum in 2018 with strong performances expected in exports and domestic demand, said its press release on Wednesday.

In an update of its flagship publication, Asian Development Outlook (ADO) 2018, ADB forecast the economic growth for Cambodia at around 7 percent for 2018 and 2019, in line with stable growth across most of developing Asia and moderate strength in the major industrial economies.

“Cambodia’s economy continues to expand at a robust pace, propelled by strong export growth, robust tourist arrivals, buoyant domestic demand, and expansionary fiscal policy,” ADB Country Director for Cambodia Sunniya Durrani-Jamal said in the release.

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