IMF warns of ‘significant risk’ to Cambodia growth if EU ends trade benefits

Growth in Cambodia’s economy is expected to slow slightly next year, the International Monetary Fund (IMF) said on Friday, warning that it would be hit much harder if the European Union suspends preferential trade terms.

Without a suspension, the economy is expected to grow 6.8% in 2020, compared with 7% in 2019, driven by garment exports, the IMF said.

Private sector credit, increasingly concentrated in the real estate and construction sectors, has accelerated and is expected to grow around 28 percent in 2019.

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