Cambodia’s growth to reach 2.2 per cent this year, 4.5 per cent in 2021, says World Bank

Cambodia’s economic growth is projected to reach 2.2 percent in 2021, impeded by slow growth in services including tourism, and in construction and real estate, the World Bank said in a press release on Thursday.

Other traditional growth drivers, especially the garment, travel goods, footwear, and bicycle manufacturing industries, as well as agriculture, are underpinning the economic recovery, the bank said.

Despite the recovery in manufacturing exports and expansion of agricultural commodity exports, the trade deficit has widened significantly, it said, adding that this was caused by rising imports of a few items, especially gold, used for savings.

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