Cambodian economy projected to grow 7.1 pct this year

Cambodia’s economy is projected to remain robust in 2020 despite stronger external headwinds, the Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) said in a press release on Wednesday.

“Real GDP (gross domestic product) growth is forecast to moderate to a more sustainable rate of 7.1 percent in 2019 and 2020, supported by robust construction activities, strong domestic credit growth, and buoyant domestic demand,” the press release said.

Inflation is expected to rise to 2.3 percent this year, slightly up from 2.1 percent last year, it said.

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