Cambodia's growth expected to slow to 2.3 pct this year

Cambodia's services sector is expected to contract by 1.7 per cent in 2020, as tourism drops and growth in real estate slows, the Asian Development Bank report said. - AFP

PHNOM PENH (Xinhua): After two decades of strong performance, Cambodia's economic growth is expected to drop to 2.3 per cent in 2020 due to the Covid-19 pandemic, according to the Asian Development Bank (ADB)'s outlook report released on Friday (April 3).

"Cambodia's economy is expected to rebound to 5.7 per cent in 2021, assuming that the pandemic ends and economic activity normalises," Sunniya Durrani-Jamal, ADB's country director for Cambodia, said in a press release.