Cambodia’s economic growth forecast downgraded as COVID-19 cases rise

Laborers work at a construction site in Phnom Penh, July 21, 2021. CamboJA/ Pring Samrang

The UK-based Fitch Ratings credit rating agency has downgraded Cambodia’s economic outlook below the World Bank’s baseline forecast of 4 percent GDP growth for 2021 as the country continues to struggle with the economic shock of the COVID-19 pandemic.