Brexit fallout / Cambodia’s GDP to suffer ‘highest losses by far’, report states

A recent report has outlined the potentially damaging effects that the UK’s withdrawal from the European Union could have on Cambodia and other countries in Southeast Asia.

The United Kingdom’s decision to leave the European Union (EU) could push more than 1.7 million people in the world’s least developed countries into poverty, a report by the German Development Institute (DIE) has found.

Several Southeast Asian nations are among the countries that will bear the brunt of this decision, with Cambodia – which relies heavily on preferential trade agreements to gain access to the UK market – expected to be hit hardest by the impending exit.

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