Cambodian PM says economy to shrink 1.9 pct this year due to COVID-19 impact

Cambodia’s economy is predicted to shrink 1.9 percent this year due to the COVID-19 pandemic, Prime Minister Samdech Techo Hun Sen has said.

“Cambodia’s economy in 2020 is expected to contract by 1.9 percent, which is the slowest ever growth,” he said in a circular on budget planning for 2021-2023, according to local report reports.

He said due to the pandemic, the Southeast Asian country has experienced a huge decline in demand from its trading partners.

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