PHNOM PENH, April 11 (Xinhua) -- Cambodia's economy is projected to grow by 7 percent in 2018 and 2019 respectively, bolstered by solid global economic growth and domestic demand, said an Asian Development Bank (ADB) outlook report released on Wednesday.
"Cambodia's strong economic growth in the near term is supported by robust exports, as well as higher foreign direct investment (FDI) inflows, tourism activities, and domestic demand," Jan Hansen, ADB's senior country economist, said in a press conference here.
He said foreign investors still have high confidence in the country's political stability although the Southeast Asian nation is scheduled for a general election on July 29 this year.
"We haven't really seen any impact or any high uncertainty on foreign direct investment," Jan said.
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