PHNOM PENH, May 4 (Xinhua) -- Cambodia has revised its economic growth forecast to 4.2 percent in 2026, down from its earlier prediction of 5 percent, mainly due to the impacts of rising fuel prices caused by the Middle East conflict, and the border conflict with Thailand.
"The sharp increase in oil and gas prices has driven inflationary pressures and affected Cambodia's economic growth trajectory," Prime Minister Hun Manet said in the government's medium-term public financial framework report released on Monday.
"In this new context, the Cambodia's economic growth outlook has been revised down to 4.2 percent for 2026 and 5 percent for 2027, as well as an average of 5.5 percent for the medium term in 2028 and 2029," he added.
The Southeast Asian nation's economy mainly relies on garment, footwear, and travel goods exports, tourism, agriculture, and real estate and construction. ■