Cambodian Economic growth projected at 4.8 percent in 2022: Deputy PM

[geovalin]

Cambodia’s economic growth is projected to see robust growth next year because of economic recovery resulting from the government’s Covid-19 vaccination programmme. The growth projection was made by Aun Pornmoniroth, deputy prime minister and minister of economy and finance during a parliamentary workshop on building a macroeconomic policy framework and the allocation of public finances in the draft law on the national budget 2022 held yesterday.

 

The event was chaired by Khuon Sudary, second vice-president of the National Assembly. Pornmoniroth recalled that Cambodia’s economic growth was projected previously at 4 percent in 2021 after contracting 3.1 percent in 2020. But because of the Feb 20 incident and the Delta new variant, t growth was lowered to 2.4 percent.

 

“Cambodia will have economic growth of 4.8 percent in 2022 as [the Kingdom] is able to recover economically soon due to the campaign to vaccinate people, build immunisation in the community and push for a normalised society,” he said. Other predictions on economic growth have been more optimistic.

 

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