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ADB Revises Cambodia’s 2020 Economic Forecast Upward
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ADB Revises Cambodia’s 2020 Economic Forecast Upward

Views:1     Author:Site Editor     Publish Time: 2020-10-22      Origin:Site

The Asian Development Bank (ADB) has revised its 2020 growth forecast for Cambodia upward, thanks to the country’s improved agricultural performance and an increase in volume in non-garment manufacturing exports such as bicycles and electronics. The Asian Development Outlook (ADO) 2020 Update, ADB’s annual flagship economic publication, forecasts a 4.0% contraction for Cambodia’s gross domestic product in 2020, compared to its June forecast of a 5.5% contraction.


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