Economic slump to spill over into real estate, construction

Cambodia’s construction and real estate sector will be hit hard this year as the Covid-19 pandemic slows down the economy, the World Bank said in a report earlier this month.

The bank adjusted its projection of the Kingdom’s 2020 economic growth to 2.5 per cent from its earlier “slightly below seven per cent” prediction.

However, it expects growth to rebound to 5.9 per cent next year under the baseline scenario.

In full: https://www.phnompenhpost.com/business/economic-slump-spill-over-real-estate-construction

© 2020, All rights reserved.