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Logo of Phnom Penh Post newspaper Phnom Penh Post - Economic growth to slow to 7.5pc: WB

Economic growth to slow to 7.5pc: WB

| Publication date 03 April 2008 | 19:00 ICT

Economic growth to slow to 7.5pc: WB

Economic growth to slow to 7.5pc: WB

Cambodia’s economic growth is expected to slow this year from 9.6 to 7.5 percent due to high inflation and a downturn in garment exports, the World Bank said on April 1. The garment industry grew only eight percent last year after suffering a dismal fourth quarter that saw orders plummet by nearly half. The key industry faces increased competition from China and Vietnam, with further risks looming due to an economic slump in the US, Cambodia’s largest market for textiles. 

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