Cambodia's econmy will grow by 4.8% in 2009

PHNOM PENH, Cambodia (AP)— Cambodia's economy will grow by a modest 4.8 percent next year due to slowdowns in key sectors and a drop in foreign direct investment caused by the global economic crisis, the International Monetary Fund said. The projected decline for 2009 comes after several years in which Cambodia, one of the poorest nations in Southeast Asia, has enjoyed strong growth.