Cambodia’s growth expected to slow to 2.3 pct this year

After two decades of strong performance, Cambodia’s economic growth is expected to drop to 2.3 per cent in 2020 due to the Covid-19 pandemic, according to the Asian Development Bank (ADB)’s outlook report released on Friday (April 3).

“Cambodia’s economy is expected to rebound to 5.7 per cent in 2021, assuming that the pandemic ends and economic activity normalises,” Sunniya Durrani-Jamal, ADB’s country director for Cambodia, said in a press release.

“Facing unprecedented challenges posed by Covid-19, the Royal Government of Cambodia has taken the right steps to respond to the crisis, including providing wage support for garment workers and tax and credit relief for businesses,” she said.

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