World Bank predicts 4 percent growth for Cambodia in 2021

Cambodia’s economy is projected to contract 2 percent in 2020 but recover to a four percent growth next year, the World Bank forecast in its latest economic update for Cambodia entitled Restrained Recovery.

The bank said economic activities in the country are gradually returning to normal levels as social distancing measures are relaxed.

Consumption is being partly supported by government intervention, while inflation remains subdue and foreign direct investment inflows to projects in non-garment industries and agriculture have been rising thanks to free trade agreements that Cambodia has signed with partners.

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