Cambodian PM lowers growth forecast to 6 pct this year due to external factors

Cambodian Prime Minister Samdech Techo Hun Sen on Tuesday lowered the country’s economic growth forecast to around 6 percent this year from its earlier projection of 6.5 percent, due to external shocks.

“It’s impossible to achieve the earlier forecast of 6.5 percent (this year) based on the real situation, but we can achieve around 6 percent,” he said in a speech during a university graduation ceremony here.

The kingdom’s economy traditionally relies on garment exports, tourism, real estate and construction, and agriculture.

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