Phnom Penh, June 14 -- The World Bank has revised its 2025 economic growth forecast for Cambodia down to 4% from the April prediction of 5.5%.
The move was driven by global and domestic challenges, shifting trade policies, a prolonged downturn in the real estate sector, and tightening credit cycles which have presented significant obstacles for Cambodia's economy.
In a recent press release, the WB noted that Cambodia's economy has shown resilience, largely thanks to strong exports and a partial revival in private consumption, despite heightened global uncertainty. It warned that to maintain growth amid uncertainty, the country will need to focus on diversifying its economy and creating an enabling environment for private sector investment...