ADB says Cambodia’s growth remains strong this year

Phnom Penh – The Cambodian economy remains on track to grow strongly in 2019 despite a slower-than-anticipated rise in agricultural production, said a new report released by the Asian Development Bank (ADB) on Wednesday.

In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2019, ADB retained its forecast of real gross domestic product (GDP) growth for Cambodia of 7 percent this year and 6.8 percent in 2020.

“Cambodia’s economy continues to expand at a robust pace due to continued strength in traditional sectors such as garments, tourism, trade, and construction,” ADB country director for Cambodia Sunniya Durrani-Jamal said in a press release.

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