Country Economic Forecasts - Cambodia
Travel and trading curbs have eased since Q4 as Covid-19 fatalities subside, putting services on the recovery path that manufacturing and farming have already entered. This will lift GDP growth to about 5.5% this year and back to its previous 7% path from 2023 as investment and industrial exports reinforce the consumer spending rebound, made possible by state-backed rescheduling of household and small-firm debt. The budget deficit opened up by pandemic support, while narrowing cyclically, is set to stay above 2% of GDP in 2022-23, supporting the upturn as spending refocuses on transport and energy projects.
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