6.7% growth forecast for Cambodia

Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That compares with an estimated 6.6 percent this year. “The country’s future prospect is seen to remain healthy with forecasted medium-term growth averaging about 7 per cent per annum over the next five years,” the bank said. …

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