Regional research office forecasts robust growth for Cambodia amidst rising external headwinds

Phnom Penh – Cambodia’s economy is predicted to continue its strong performance amidst rising external headwinds, the Singapore-based ASEAN (Association of Southeast Asian Nations)+3 Macroeconomic Research Office (AMRO) said in a press release on Friday.

“Following a stronger than expected growth of 7.5 percent in 2018, Cambodia’s economy is projected to grow at a more sustainable pace of about 7.1 percent in 2019 and 2020, while inflation has remained relatively low and stable,” AMRO lead specialist Seung Hyun Hong said in the press release after an AMRO’s annual consultation visit to Cambodia from Sept. 10-18.

“Faced with the risk of Everything But Arms (EBA) status suspension, external headwinds, and structural challenges, the authorities need to accelerate structural reforms to enhance competitiveness and promote economic diversification,” he added.

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