Wednesday, April 21, 2010

Cambodian growth projected 4.5 pct this year, 6 pct for 2011: ADB

PHNOM PENH, Apr. 20, 2010 (Xinhua) -- The Asian Development Bank said on Tuesday that Cambodian growth is projected 4.5 percent for 2010 and higher to 6 percent for next year thanks to good crops, increasing services, tourism and constructions.
"If the weather allows for reasonable crops in Cambodia, GDP is projected to rebound by 4.5 percent in 2010," said the Bank release.
"In 2011, a return to higher--though still below trend--growth in garment exports and tourism, together with some expansion of non-garment manufacturing and a pickup in other services sub- sectors, is projected to raise GDP growth to around 6 percent," it said.

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