PHNOM PENH, Apr. 6, 2011 (Xinhua) — Cambodia’s gross domestic product (GDP) is set to increase by 6.5 percent this year, up 0.2 percentage points from last year, thanks to agriculture, tourism and garment industries, said the Asian Development Bank’s Outlook 2011 released on Wednesday.
The forecast is the same as the prediction by the World Bank and similar to the forecast of the government of Cambodia at between 6-7 percent this year.
“Agriculture is estimated to expand 4.3 percent this year, thanks to continuing investment in irrigation and broader access to fertilizers and high-yield seeds,” said the report, “Growth in industry is projected at around 10.8 percent based on positive indications for future garment orders from the United States and Europe.”
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