In 2022, the economy is expected to develop at a rate of 4.8 percent, according to the Deputy Prime Minister.

[ASEAN NOW]

Cambodia's economy is expected to rise strongly next year as a result of the government's Covid-19 vaccine campaign.

 

Aun Pornmoniroth, deputy prime minister and minister of economy and finance, made the forecast during a parliamentary workshop yesterday on developing a macroeconomic policy framework and allocating public funds in the draft law on the national budget for 2022.

 

Khuon Sudary, the National Assembly's second vice-president, presided over the ceremony.

 

Pornmoniroth remembered that Cambodia's economic growth was earlier forecast at 4% in 2021, following a contraction of 3.1 percent in 2020. However, growth was reduced to 2.4 percent as a result of the February 20 incident and the Delta new variation.

 

“Cambodia will have 4.8 percent economic growth in 2022 because [the Kingdom] is able to recover economically quickly thanks to the drive to vaccinate people, create community immunisation, and push for a normalized society,” he stated.