Xinhua, Phnom Penh :
The World Bank said on Thursday that Cambodia’s economic growth is projected to remain at 6.9 percent this year and next, but to decelerate slightly to 6.7 percent in 2019.
In its updated outlook report, the lender said the growth would be driven by rising government spending, garment export, construction, agriculture and tourism.
“Modest improvements may be seen in the tourism sector, supported in part by newly established direct flights and a number of new initiatives to boost arrivals such as China Ready,” said the report, referring to the strategy that the Cambodian government launched in 2015 with an aim of attracting 2 million Chinese tourists by 2020.
According to the report, in the medium term, growth outlook remains favourable for Cambodia, underpinned by regional integration.
“It is encouraging to see that Cambodia’s economic growth will continue to be strong in the next a few years,” Inguna Dobraja, the World Bank Country Manager for Cambodia Office, said in a press release.
“Going forward, it is important to boost productive investments in pro-growth and pro-poor sectors and to ensure that benefits of future growth are shared among all Cambodians,” she said.
The World Bank said on Thursday that Cambodia’s economic growth is projected to remain at 6.9 percent this year and next, but to decelerate slightly to 6.7 percent in 2019.
In its updated outlook report, the lender said the growth would be driven by rising government spending, garment export, construction, agriculture and tourism.
“Modest improvements may be seen in the tourism sector, supported in part by newly established direct flights and a number of new initiatives to boost arrivals such as China Ready,” said the report, referring to the strategy that the Cambodian government launched in 2015 with an aim of attracting 2 million Chinese tourists by 2020.
According to the report, in the medium term, growth outlook remains favourable for Cambodia, underpinned by regional integration.
“It is encouraging to see that Cambodia’s economic growth will continue to be strong in the next a few years,” Inguna Dobraja, the World Bank Country Manager for Cambodia Office, said in a press release.
“Going forward, it is important to boost productive investments in pro-growth and pro-poor sectors and to ensure that benefits of future growth are shared among all Cambodians,” she said.
