NBC projects Cambodia’s GDP growth at 5.3% in 2022

Cambodia’s economic growth this year will receive impetus from global growth recovery and a rapid resumption in economic activity, and will be backed by the garment, tourism, agriculture and construction sectors, the National Bank of Cambodia (NBC) said. The growth is likely to be 5.3 per cent this year, higher than the estimated 3 per cent growth in 2021, it said.

The country’s economic growth would be facing high inflation following the increase in oil prices, NBC said in a report.

“The domestically favourable factors with the recovery of the global growth have boosted the country’s manufacturing product exports and supported activities in construction and real estate,” bank governor Chea Chanto was quoted as saying by Cambodian media reports.

In full: https://www.fibre2fashion.com/news/textiles-policy-news/nbc-projects-cambodia-s-gdp-growth-at-5-3-in-2022-282280-newsdetails.htm

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