The Global Economic Prospects report, released yesterday, shows that the development bank forecasts 6.9 per cent growth in 2016, with 6.8 per cent forecast for 2017 and 2018. Whereas, growth in the East Asia Pacific region slowed to 6.4 per cent in 2015, with a further easing expected through 2018.
“This projection assumes that a gradual slowdown in China offsets a modest pickup in ASEAN countries,” the report reads. “Risks to the forecast remain tilted to the downside.”
According to the report, growth will remain below the 7 per cent mark in Cambodia due to various factors, such as weaker agricultural commodity prices, real currency appreciation and moderating growth from tourism after a period of strong gains in the sector.
The Global Economic Prospects report, released yesterday, shows that the development bank forecasts 6.9 per cent growth in 2016, with 6.8 per cent forecast for 2017 and 2018. Whereas, growth in the East Asia Pacific region slowed to 6.4 per cent in 2015, with a further easing expected through 2018.“This projection assumes that a gradual slowdown in China offsets a modest pickup in ASEAN countries,” the report reads. “Risks to the forecast remain tilted to the downside.”According to the report, growth will remain below the 7 per cent mark in Cambodia due to various factors, such as weaker agricultural commodity prices, real currency appreciation and moderating growth from tourism after a period of strong gains in the sector.
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