ADB pegs Cambodia's economic growth for 2023 at 5.5%

PHNOM PENH (The Phnom Penh Post/Asia News Network): The Asian Development Bank (ADB) on Tuesday (April 4) pegged Cambodia’s economic growth at 5.5 per cent for this year “on a more robust tourism recovery and higher growth in the services sector”.

The Metro Manila-based multilateral lender presented the forecast in its April 2023 Asian Development Outlook (ADO) and an accompanying statement. This matches the figure offered by a senior official in late January, and is slightly higher than the 5.2 per cent recently put forth by the World Bank (WB).