World Bank: Cambodia’s economy resilient to global uncertainty

Cambodia’s economy has strong growth prospects for the next several years despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, according to the latest Global Economic Prospects report from the World Bank. In Asia, slower Chinese expansion continues to pose a risk to growth, but had not affected Cambodia as much as previously expected, with both China and Japan maintaining strong levels of foreign direct investment (FDI) in the region, the report said. The World Bank estimated GDP growth in the Kingdom at 7% for 2016 and forecasted growth between 6.9% and 6.8% for the next three years. (Source: Phnom Penh Post)