World Bank says Cambodia’s economy to moderate to 7 pct this year

Cambodia’s economy is projected to moderate to 7 percent in 2019 after experiencing better-than-expected growth of 7.5 percent in 2018, said a new World Bank report released on Thursday.

The kingdom’s growth relies heavily on garment and footwear exports, tourism, construction and real estate, and agriculture.

“While remaining strong, export performance eased slightly,” World Bank senior country economist Sodeth Ly said during a press conference here on the launch of the bank’s Cambodia Economic Update report.

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