[PHNOM PENH POST]
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.
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