ASEAN NOW Posted August 18, 2021 Share Posted August 18, 2021 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. Link to comment Share on other sites More sharing options...
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