Cambodian govt maintains growth forecast of 1.9% for 2020

The government maintained its projection that the Cambodian economy would contract around 1.9 per cent this year and rebound next year to 3.5 per cent growth, according to the minutes of the Council of Ministers Plenary Session has released a statement. - The phnom Penh Post/Asian News Network

PHNOM PENH, Oct 26 (The Phnom Penh Post/ANN): The government maintained its projection that the Cambodian economy would contract around 1.9 per cent this year and rebound next year to 3.5 per cent growth, according to the minutes of the Council of Ministers Plenary Session released on Friday.

This scenario would put the Kingdom’s 2021 gross domestic product (GDP) at 117.939 trillion riel, equivalent to roughly US$29.013 billion, and GDP per capita to the tune of US$1,771, up from the US$1,683 expected in 2020, according to the minutes.