Coronavirus is crushing Cambodia’s dreams of oil wealth

It is almost as if COVID-19 were specially designed to wreck Cambodia’s 2020.

Though the pandemic is causing serious pain everywhere, it is hitting every engine which would have allowed Cambodia to repeat its 7.1% growth last year. Now, the World Bank predicts a contraction of as much as 2.9% as the garment industry, tourism and construction go into reverse.

Yet that is not the worst news: the pandemic is also derailing Cambodia’s plans to begin producing oil.

In full:

Related Stories

Latest News