World Bank presents rosy outlook for Cambodian economy
Cambodia’s economy still shows signs of vigorous health despite the slowdowns in the key export markets of the United States and European Union, according to a report issued by the World Bank, which forecast the Kingdom’s GDP would grow by 6.6 percent in 2012.
6.6 percent in 2012. In its East Asia and Pacific Economic Update, released on May 23, the World Bank predicted slightly higher growth rates than the Cambodian government, the International Monetary Fund and the Asian Development Bank (ADB), all of which predicted the Kingdom’s economy would expand by 6.5 percent this year.
The report found that growth would be even higher in 2013, forecasting a 6.7-percent rate, slightly lower than the ADB’s forecast of 7 percent.
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