WB forecasts uncertain economic outlook for Cambodia

The World Bank East Asia and Pacific Economic Update October 2020, released on September 29, forecast the Cambodian economy will contract 2 percent this year.

Cambodia’s unfavourable growth outlook alongside disruptions to jobs and lower household incomes means poverty is likely to increase, it said.

The bank added that “significant uncertainty” remains for Cambodia’s economic growth outlook with downside risks including a local COVID-19 outbreak, deeper and prolonged decline in tourist arrivals as well as increased global trade tensions and protectionism.

In full: https://en.vietnamplus.vn/wb-forecasts-uncertain-economic-outlook-for-cambodia/187849.vnp

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