World Bank says Cambodia’s economy expected to bounce back in 2021

Cambodia’s economy is projected to bounce back and grow by 4 percent in 2021 after it has been hit hard by the COVID-19 pandemic this year, said a World Bank’s press statement on Wednesday.

The kingdom’s growth in 2020 is forecast to contract by 2 percent, the statement said.

With the easing of social distancing measures, domestic economic activity is gradually returning to normal, the statement said, citing the bank’s latest economic update for Cambodia.

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