Cambodia’s economy to lose US$390 million, worst hit in ASEAN

The Asian Development Bank (ADB) forecast Cambodia will lose more than $390 million due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.

Cambodia is also set to suffer the worst economic impacts caused by the pandemic among the ASEAN member states.

The Cambodian government has already downgraded its economic growth projection for this year to 6.1 percent from 6.5 percent due to COVID-19, climate change, and geopolitics.

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