Cambodia sees robust growth amid prominent risks – Moody’s

Sangeetha Amarthalingam / Khmer Times No Comments Share:
Cambodian garment workers. KT/Ven Rathavong

Cambodia is expected to see continued robust growth although it faces prominent export and banking sector risks, says Moody’s Investors Service Inc.

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“In particular, the potential for lost preferential access to European Union and the US would weigh on exports and gross domestic product (GDP) growth,” the global ratings agency said in a report today.

It found that the real GDP for Cambodia, with a B2 stable rating, expanded 7.5 percent in 2018 due to rising exports, tourism, and strong foreign direct investment inflows that supported construction and job creation.

The Kingdom’s credit profile reflects robust GDP growth prospects, modest and highly affordable government debt.

But, it cautioned that ongoing strong expansion in bank lending, at around double the rate of nominal GDP growth, continues to pose risks to economic and financial stability.

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