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Illustrative image (Photo: AFP)
Phnom Penh (VNA) – The Asian Development
Bank (ADB) has projected that the
Cambodian economy will grow by 4 percent this
year and 5.5 percent next year, led by a robust recovery of its major trade partners.
In the Asian Economic
Outlook 2021, announced on May 28, the lender forecast that the country’s industrial production will
expand by 7.1 percent this year and 7 percent next year thanks to the recovery
of apparel, footwear, and travel items as well as the growth of electronics and bicycle assembling.
Agriculture is expected
to grow by 1.3 percent in 2021 and 1.2 percent in 2022, while services may
recover more slowly, expanding by 3.3 percent in 2021 and 6.2 percent in 2022. Efforts to contain a local outbreak of COVID-19 that began in February are
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