PHNOM PENH, Oct 25 (Bernama) -- Cambodia is prioritising small-scale manufacturing industries and high-impact agriculture to drive its next phase of growth, as an economic slowdown and mounting headwinds pose challenges.
World : Cambodia Resets Economic Growth With Small Industries, Smart Agriculture
Cambodia, agriculture, modernisation, MSMEs, Hun
Key points
- Weak tourism, rising fuel costs and climate risks are undermining growth, while rising incomes and surging domestic demand for food are putting pressure on the farm sector, forcing the government to rethink its strategies.
- Multiple factors – including a drop in tourism revenue, high diesel and petrol prices, geopolitical tensions, the closure of the Cambodia-Thailand border following a territorial dispute, and reduced household spending – are stifling this year’s growth prospects.
- The World Bank in October downscaled Cambodia’s economic growth to 3.5 per cent for 2026 from an earlier forecast of 3.9 per cent in April.
Sentences selected automatically from the original article by Bernama.
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