News

Cambodian economy can grow by four percent this year

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

Khmer Times Staff
https://www.khmertimeskh.com/50864730/cambodian-economy-can-grow-by-four-percent-this-year/

ADB forecast: 4% economic growth in 2021

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021

IMF highlights divergent global recovery levels

THE International Monetary Fund’s (IMF) World Economic Outlook prediction that the globe will recover at vastly uneven levels has been brought into sharp focus in light of recent lockdowns in Cambodia. ...

Brian Badzmierowski
https://www.khmertimeskh.com/50842469/imf-highlights-divergent-global-recovery-levels/

IMF’s Georgieva: Cambodian economy to grow 4.2% in 2021

International Monetary Fund (IMF) managing director Kristalina Georgieva on April 7 said the Cambodian economy is expected to grow 4.2 percent this year, following a 3.5 percent contraction in 2020, but cautioned that local governments around the world should proceed with prudential policies and proactive ...

May Kunmakara
https://www.phnompenhpost.com/business/imfs-georgieva-cambodian-economy-grow-42-2021

Economic forecast for 2021 projects 3.5 percent GDP growth

The Kingdom is forecast to register gross domestic product (GDP) growth of 3.5 percent, a sharp reversal of 2020’s contraction of 3.1 percent, the Ministry of Foreign Affairs and International Cooperation has said in its macroeconomic situation report. ...

Husain Haider
https://www.khmertimeskh.com/50825871/economic-forecast-for-2021-projects-3-5-percent-gdp-growth/

FTAs, FDIs and tourism essential for Cambodia’s economic bounce back

Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.  ...

Tom Starkey
https://www.khmertimeskh.com/50822760/ftas-fdis-and-tourism-essential-for-cambodias-economic-bounce-back/

Oil revenue no short-term fix to economic growth: PM

Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of  the Chamkar Mon Water ...

Tom Starkey
https://www.khmertimeskh.com/50809405/oil-revenue-no-short-term-fix-to-economic-growth-pm/

Ministry ‘bullish’ on prospects of recovery

The Kingdom’s real economic growth is expected to recover by 4 percent in 2021 following a contraction of 3.1 percent in 2020, according to a report from the Ministry of Economy and Finance (MEF). ...

Sok Chan
https://www.khmertimeskh.com/50807772/ministry-bullish-on-prospects-of-recovery/

Recovery to be driven by three principles

A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic approaches towards survival, reform and resilience. ...

Sok Chan
https://www.khmertimeskh.com/50804674/recovery-to-be-driven-by-three-principles/

NBC: 4% economic growth in 2021

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021

An outlook into 2021 economy

Cambodia’s economy will contract two per cent in 2020 before swiftly recovering to four per cent growth this year, the World Bank projects, citing effective government measures that respond to the specific needs of the most affected sectors – including tourism, garments and textiles, and ...

May Kunmakara
https://www.phnompenhpost.com/business/outlook-2021-economy

ADB: Investment in human resources critical

The Asian Development Bank (ADB) has outlined that the government needs to continue investing in its people through the widening of parameters for programmes such as ID Poor and upskilling workers transitioning into new sectors to achieve a post-pandemic economic recovery. ...

Harrison White
https://www.khmertimeskh.com/50798179/adb-investment-in-human-resources-critical/

Few prospects for 2021 being the year for economic recovery

In just over two weeks, the year 2020, which has been severely hit by the pandemic will come to an end, and with that, hope that the year 2021 will bring scope for economic improvement, especially from the likely availability of anti-COVID vaccines. ...

Sok Chan
https://www.khmertimeskh.com/50793198/few-prospects-for-2021-being-the-year-for-economic-recovery/

ADB projects a rebound in growth for 2021

Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year.  ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...

Sok Chan
https://www.khmertimeskh.com/50788737/adb-projects-a-rebound-in-growth-for-2021/

World Bank predicts GDP growth easing

The World Bank has predicted that Cambodia’s GDP will grow at a more modest 6.9 percent this year and next, and slow slightly to 6.7 percent in 2019.   ...

Sok Chan
http://www.khmertimeskh.com/news/37549/world-bank-predicts-gdp-growth-easing/

Cambodia's inflation rate fell to 3 per cent in 2012

Cambodia’s inflation rate fell to an annual three per cent last year, down from 4.9 per cent a year earlier, according to data from the National Bank of Cambodia released in late January. Chea Chanto, the bank’s governor, told an annual meeting in late January that ...

http://www.phnompenhpost.com/2013020761219/Business/cambodia-s-inflation-rate-fell-to-3-per-cent-in-2012.html

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