Phnom Penh (FN), April 11 - Asian Development Bank (ADB) predicted on Wednesday that Cambodia's economy is expected to grow 7 percent in 2018 and 2019, bolstered by solid global economic growth, according to Asian Development Outlook (ADO) 2018, released today.

"Cambodia's strong economic growth in the near term is supported by robust exports, as well as high foreign direct investment inflows, tourism activities, and domestic demand. However, rising wages, difficulty in doing business, and intensifying competition can undermine Cambodia's competitiveness”, said Jan Hansen, ADB’s Senior Country Economist.

ADB’s full press release in available below.