Outlook for Cambodia's economic recovery has improved, says ADB

Hun Sen, the Prime Minister of Cambodia, speaking in a pre-recorded message which was played during the 75th session of the United Nations General Assembly on Sept. 26, 2020, at UN headquarters in New York. - AP

PHNOM PENH, Sept 27 (dpa): The Asian Development Bank (ADB) has revised its 2020 growth forecast for Cambodia, predicting the country will fare better than previously expected.

The ADB now forecasts a 4 per cent contraction in Cambodia’s gross domestic project, compared to a contraction of 5.5 per cent, which was forecast in June, it said in a statement released by the bank.