Country Economic Forecasts - Cambodia
Strong exports and investment saw GDP growth rise to 7.3% in 2018, but slower expansion of a little below 7% is now in prospect for 2019-20 as trade risks are rising despite FDI continuing to finance the current account deficit, seen at over 9% of GDP. Capital inflows, rising incomes and increased scope for borrowing are also enabling a rapid rise in public spending, which the government continues to focus on infrastructure, education and other investments to support fast industrial growth. Population expansion, while likely to slow in the medium term, will promote GDP growth by keeping labour costs down and keeping the old-age dependency ratio low.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook