Phnom Penh – Following a very strong economic performance last year, Cambodia will likely see moderate, but still robust growth, with the economy expected to expand about 7 percent this year and 6.8 percent next year, according to a new Asian Development Bank (ADB) report released on Wednesday.
With a slowdown forecast in the advanced economies, major destinations for Cambodian exports, growth will likely soften for Cambodia’s exports and the tourism sector, said the ADB outlook 2019.
“Cambodia is projected to exhibit strong economic growth over the next two years, despite a weakening external environment,” ADB country director for Cambodia Sunniya Durrani-Jamal said in a press conference here.
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