Solid export performance, strong domestic demand drive Cambodia’s growth: World Bank

Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, according to the latest edition of the World Bank’s Cambodia Economic Update report released here on Wednesday.

However, real growth is expected to decelerate to 7 percent in 2019, down from 7.5 percent in 2018, the report said.

Garment and footwear exports, accounting for about 70 percent of total merchandise exports, grew at 17.7 percent in 2018, but eased slightly to 15.3 percent in June 2019, it said, adding that bustling construction activity has continued, reflecting a sustained appetite for investment.

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