ASEAN KEY DESTINATIONS
World Bank sees continued 'healthy' growth in Cambodia
Gross domestic product, a country's total output of goods and services adjusted for foreign income, is forecast to expand 6.7 per cent next year and 7.0 per cent in 2014. That compares with an estimated 6.6 per cent this year.
"The country's future prospect is seen to remain healthy with forecasted medium-term growth averaging about 7.0 per cent per annum over the next five years," the bank said.
Among Asean countries, only Laos is forecast to post faster growth than Cambodia over the next two years. Lao GDP growth is forecast at 7.5 per cent in both 2013 and 2014, down from an estimated 8.2 per cent this year.
Among other Asean economies, Myanmar is forecast to grow by 6.5 per cent next year followed by Indonesia at 6.3 per cent, the Philippines at 6.2 per cent and Vietnam at 5.5 per cent. Thailand and Malaysia are both forecast to grow by 5.0 per cent with Singapore expanding only 2.0 per cent. Forecasts for Brunei weren't available.
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