Cambodia’s economy to grow 7.1 percent in 2020

Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) projected robust growth in the Cambodian economy this year despite stronger external headwinds.

“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 think tank said.

AMRO expects inflation to rise to 2.3 percent this year, slightly up from 2.1 percent last year.

Cambodia’s principal external vulnerabilities will come from its high reliance on a few markets, particularly the European market.

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