Economics eyed

The Economic Institute of Cambodia has revised upwards its prediction for GDP growth to 8.7 percent, from 7 percent previously.

Better than expected performance in areas such as tourism, garments and agriculture were highlighted as the reason for the increase.

“The main reason behind the GDP increase in Cambodia is the garment and textile exports have increased dramatically compared to last year,” said EIC Senior Researcher Khin Pisey on Monday.

The EIC projected Cambodia’s industry sector, not including garments, will increase by 15.8 percent this year, also on the back of increased food manufacturing and rubber processing.