The Prime Minister, Seeing the Growth of the Cambodia Economic of 2021 according to the Prime Minister, Cambodia’s economic growth rate this year may exceed expectations.
The original government forecast was 2.4%, and the latest forecast released by an economic agency was 2.8%. If the economic situation in November and December is good, Cambodia’s economic growth this year may reach 3%.
On November 23, Cambodian Prime Minister Hun Sen said that after the reopening of various fields, the economic growth rate this year is estimated at 3%, and may reach 5% in 2022.
The increase in economic growth was mainly due to the increase in exports in Cambodia’s agricultural and industrial sectors. In addition, the China-Cambodia Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) will come into effect on January 1 next year, which will also inject strong impetus into the economic development of Cambodia and China.
Despite the impact of the new crown epidemic, Cambodia’s agricultural exports this year exceeded last year’s and exceeded the original plan. At the same time, Cambodia will continue to directly export more agricultural products to China in the future.
In the industrial sector, although some workers have lost their jobs due to the impact of the epidemic, many new factories are still opening. The service industry, which has been severely affected by the epidemic, has also begun to slowly recover.
