An aerial view of central Phnom Penh showing numerous high-rise buildings. - PPP
PHNOM PENH (The Phnom Penh Post/Asia News Network): Projection for Cambodia’s economic growth has been maintained at 4.5 per cent by the World Bank (WB) under its baseline scenario despite global demand slowdown, thanks to the rollback of travel restrictions prompted by a high national Covid-19 vaccination rate.
On the flipside, a downside scenario puts growth at 3.8 per cent because of the deterioration in domestic economic conditions caused by rising inflation, as external factors worsen on the back of slow external demand.
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