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.

In full: https://en.vietnamplus.vn/cambodias-gdp-to-see-negative-growth-in-2020-imf/171921.vnp

Related Stories

Latest News

The Weekly DispatchA new weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.