Cambodia’s 2011 Economic Growth Expected To Be 6.8 Per Cent, Says ADB

14 September 2011
Bernama
Economy and commerce / Industries / Tourism
ADB Senior Country Economist / Asian Development Bank (ADB) / Asian Development Outlook / Cambodia / Cambodian products / Garment exports / global trade / Kuala Lumpur / Peter Brimble / rice exports / Tourism / United States aid

KUALA LUMPUR — Cambodia’s economic growth for 2011 is expected to be 6.8 per cent, says the Asian Development Bank (ADB). This is based on the positive trends over the six months of this year and is an improvement over the ADB forecast of 6.5 per cent in April. The Asian Development Outlook 2011 (ADO) update released today, said the revision is mainly driven by a surge in garment exports, in the first half of 2011. “The value of Cambodia’s garment exports to the United States in the first six months of this year compared to the same period of 2010 increased by over 23 per cent while tourism arrivals increased by more than 13 per cent and rice exports are on an upward trend,” the ADB said in a statement today.

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