News

Cambodia’s economy forecasted to grow by 5.5 percent in 2022 despite gloom this year

Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced  1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). ...

Khmer Times Staff
https://www.khmertimeskh.com/50939987/cambodias-economy-forecasted-to-grow-by-5-5-percent-in-2022-despite-gloom-this-year/

ADB slashes Kingdom’s GDP forecast to 1.9% due to Covid

The Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion. ...

Michael Firn
https://www.khmertimeskh.com/50939651/adb-slashes-kingdoms-gdp-forecast-to-1-9-due-to-covid/

Domestic revenue a vital source of development financing: UN report

Domestic revenue is an increasingly vital source of financing for development in the Kingdom, amounting to 19 per cent of gross domestic product (GDP) last year and expected to reach 22.5 per cent by end-2025, the UN said on July 16. ...

Thou Vireak
https://phnompenhpost.com/business/domestic-revenue-vital-source-development-financing-un-report-0

‘Uncertainty’ remains over economic outlook

The World Bank has forecast a sharp contraction of negative two percent for the local economy this year, adding that Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase. ...

Harrison White
https://www.khmertimeskh.com/50767885/uncertainty-remains-over-economic-outlook/

WB sees Cambodia’s GDP shrinking one percent ahead of six percent rebound in 2021

The World Bank had forecasted that Cambodia’s economy would shrink 1.0 percent this year before rebounding 6.0 percent next year which was released in Washington yesterday. ...

AKP
https://www.khmertimeskh.com/50732401/wb-sees-cambodias-gdp-shrinking-one-percent-ahead-of-six-percent-rebound-in-2021/

New GDP prediction is not optimistic

The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...

Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/

GDP Growth to Shrink to 2.5% Amid Pandemic, World Bank Projects

Cambodia’s GDP growth this year could drop to its lowest rate in more than a decade, the World Bank projects, with some economic experts warning that the country’s reliance on international markets could slow recovery. ...

Danielle Keeton-Olsen
https://vodenglish.news/gdp-growth-to-shrink-to-2-5-amid-pandemic-world-bank-projects/

Productivity cuts into growth

Cambodia’s GDP growth fell below the 7 percent mark for the first time since 2011 last year, signalling a need for the government to address the country’s low productivity and insufficient public infrastructure spending, according to a World Bank report released yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/productivity-cuts-growth

World Bank economists grilled over pervasive rural debt

The head of Transparency International Cambodia used the release of a World Bank economic report yesterday to press the lender’s economists on rural indebtedness and their claim that the country’s strong GDP growth was helping the country’s poor. ...

Brendan O’Byrne
https://www.cambodiadaily.com/news/world-bank-economists-grilled-pervasive-rural-debt-129932/

Ministry predicts stable GDP growth

The government is predicting Cambodia’s gross domestic product will grow at seven percent this year and next. ...

Sok Chan
http://www.khmertimeskh.com/news/38370/ministry-predicts-stable-gdp-growth/

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