Cambodia’s GDP to see negative growth in 2020: IMF

The International Monetary Fund (IMF) has forecasted that Cambodia’s Gross Domestic Product (GDP) will experience a negative growth of 1.7 percent in 2020 due to social distancing measures to contain the COVID-19 pandemic.

If the prediction comes true, the Cambodian economy will grow negatively for the first time since IMF began assessing the economy in 1988.

In a more optimistic scenario, IMF believes that if COVID-19 vaccine is produced and used in the second half of this year, the global and Cambodian economies will increase 5.8 percent and 6.1 percent, respectively.

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