share
 

World Bank forecasts 5.8 pct growth for Cambodia in 2024

0 Comment(s)Print E-mail Xinhua, April 1, 2024
Adjust font size:

PHNOM PENH, April 1 (Xinhua) -- Cambodia's economic growth will improve to 5.8 percent in 2024, up from 5.4 percent in 2023, a World Bank's senior economist said on Monday.

The Southeast Asian country's growth is traditionally driven by garment export, tourism, agriculture, as well as construction and real estate.

"The main drivers of growth are the revival of services and goods export, as global trade recovers," Aaditya Mattoo, chief economist of the World Bank's East Asia Pacific Region, said during a video press conference on the launch of the East Asia and Pacific Economic Update report.

He said that as Cambodia is deeply connected with China both on trade and investment, the Cambodia-China Free Trade Agreement could facilitate foreign direct investment flows from China to Cambodia.

According to Mattoo, Cambodia's growth is projected higher in 2025 at 6.1 percent. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter