World Bank: Cambodia GDP growing slightly slower at 7% this year

PHNOM PENH, Nov 28 (ANN): Cambodia's economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday.

Garment and footwear exports, which account for around 70 per cent of total merchandise exports, grew 17.7 per cent last year but eased slightly to 15.3 per cent year-on-year in June this year, the report said.