"Cambodia's economy is expected to rebound to 5.7 per cent in 2021, assuming that the pandemic ends and economic activity normalises," Sunniya Durrani-Jamal, ADB's country director for Cambodia, said in a press release.
Cambodia's services sector is expected to contract by 1.7 per cent in 2020, as tourism drops and growth in real estate slows, the report said. The report highlighted the government's commitment to diversifying the non-banking financial sector and developing local capital markets to provide much needed financing for diversified investment and growth.
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