ADB : Cambodia’s Economy to Recover in 2021, Accelerate in 2022
ADB : Cambodia’s Economy to Recover in 2021, Accelerate in 2022
Cambodia’s economy is forecast to grow 4.0% this year and 5.5% in 2022, as the economic recovery in major trading partners boosts demand for Cambodia’s exports, according to an Asian Development Bank (ADB) report released today.
«The economy contracted by 3.1% in 2020 because of the global coronavirus disease (COVID-19) pandemic. The government has responded quickly to the recent spike in cases, and we expect the economy to return to growth in 2021. This will help increase household incomes, but not all sectors and regions will benefit equally, so it will be essential to closely monitor household welfare and the need for additional support,» said ADB Country Director for Cambodia Sunniya Durrani-Jamal. Fresh News
