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NBC: Construction and real estate contribute to Cambodia’s economic growth in 2022

2022-07-23
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Summary:The construction and real estate sectors are expected to contribute to Cambodia’s economic growth in 2022, according to a senior official of the National Bank of Cambodia.

Compass Cambodia report - The construction and real estate sectors are expected to contribute to Cambodia’s economic growth in 2022, according to a senior official of the National Bank of Cambodia.

HE Chea Chanto, Governor of the National Bank of Cambodia, said that Cambodia’s economic growth is expected to reach around 5.3 percent in 2022.

“Cambodia’s economic growth is optimistic to continue to grow by about 5.3 percent, higher than 2021, at 3 percent, mainly supported by the growth of exports of manufacturing, construction and real estate and agriculture and gradual recovery of tourism sector,” HE Chea Chanto said in a meeting held on July 20.

However, HE Chea Chanto emphasized that the Cambodian economy may also face some uncertainties, such as the risk of a slowdown in EU economic growth that could affect exports and a slowdown in China’s economic growth, which could slow down investment growth and recovery of tourism and real estate sector.

Source: construction and property

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