Cambodia Is Now Living with COVID-19: World Bank

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PHNOM PENH, December 9, 2021— Cambodia’s real GDP growth is projected to reach 2.2% this year, impeded by slow growth in services including tourism, and in construction, and real estate. While, other traditional growth drivers, especially the garment, travel goods, footwear, and bicycle manufacturing industries, as well as agriculture, are underpinning the economic recovery, according to Living with COVID-19, the World Bank’s latest Economic Update for Cambodia.

 

Despite recovery in manufacturing exports and expansion of agricultural commodity exports, the trade deficit has widened significantly. This was caused by rising imports of a few items, especially gold, used for savings.

 

“As we all know, Cambodia is now living with COVID-19 and very large number of populations have been vaccinated and the government began reopening the country for business, while continuing to enforce protective health measures,” said Maryam Salim, World Bank Country Manager for Cambodia. “At the World Bank, we are preparing a Performance and Learning Review that will allow us to further strengthen and align our partnership with Cambodia as the country strives to achieve a resilient recovery from the impact of the COVID-19 pandemic.”

 

 

 

read more https://www.worldbank.org/en/news/press-release/2021/12/08/cambodia-country-economic-update-december-2021-cambodia-is-now-living-with-covid-19