The World Bank downgrades Cambodia’s projected growth due to COVID crisis

Laborers work at a construction site in Phnom Penh, Picture taken September 27, 2021. CamboJA/ Pring Samrang

The World Bank downgraded Cambodia’s forecasted economic growth for 2021 to 2.2 percent from a previous projection of 4 percent, and urged the country to strengthen its external competitiveness to accelerate economic recovery and boost job creation.