Cambodia has been nicknamed the “Asian New Tiger Economy” by the Asian Development Bank (ADB) due to its growth in Southeast Asia. The economy has been high, stable and fast for many years. Cambodia has four key sectors that are pushing Cambodia’s economic growth to become an “Tiger Economy” in the ASEAN region. The main sectors that are the backbone …
ADB maintains its forecast for Cambodia’s economy to shrink by 4% by 2020
The Asian Development Bank (ADB) in late December 2020 released its December supplementary report, keeping its forecast for the Cambodian economy to shrink by 4% at 2020 as the same as the September forecast. But for 2021, the ADB has cut its forecast slightly, with the latest forecast that Cambodia’s economy will grow by 5.4 percent next year, up from …