Outlook for Cambodia’s economic recovery has improved, says ADB

The Asian Development Bank (ADB) has revised its 2020 growth forecast for Cambodia, predicting the country will fare better than previously expected.

The ADB now forecasts a 4 per cent contraction in Cambodia’s gross domestic project, compared to a contraction of 5.5 per cent, which was forecast in June, it said in a statement released by the bank.

The improved figure came on the back of improved agricultural performance and an increase in non-garment manufacturing exports, such as bicycles and electronics.

In full: https://www.thestar.com.my/aseanplus/aseanplus-news/2020/09/27/outlook-for-cambodia039s-economic-recovery-has-improved-says-adb

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