ADB Lowers 2023 Cambodia’s Economic Growth Forecast from 6.5% to 6.2%

• 22 September 2022
• Local News
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The Asian Development Bank (ADB) has lowered  Cambodia’s 2023 economic growth forecast from 6.5% to 6.2% given the slowdown in global growth, according to a recent publication issued on 22 September.

Previously, ADB predicted that the Cambodian economy will grow by 6.5% in 2023 and 5.3% in  2022.

The factors contributing to the growth are the increase in exports of goods and the flow of foreign direct investment. (Read more)

According to the report, in the first half of 2022, Cambodia’s garment, travel, and footwear output remained strong, with new investment growth of 39.8%.

 

 

 

 

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