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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Power outage at Fukushima plant, water release suspended
Race to salvage property
Prabowo declared president-elect
North Korea sends officials to Iran
Rebel group withdraws troops from key town at Thai border
‘Modi using hate speech’
Govt to replace military-appointed Senate, reduce its powers
Suspect’s sneakers match footprints at crime scene
Prabowo calls for unity among political elites
Fresh crew for Tiangong

Others Also Read