Saturday, July 5, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

ADB slashes Cambodia’s GDP forecast to 1.9% due to Covid

September 22, 2021
in Business, Cambodia, National
0
ADB slashes Cambodia’s GDP forecast to 1.9% due to Covid
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

The Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion.

The economy contracted by 3.1 percent in 2020.

The bank says the prolonged outbreak of Covid-19 was behind the downward revision because it cut domestic demand. It says this will result in a 2.9 percent rate of inflation this year, down from its April forecast of 2.9 percent price rises. Next year inflation will moderate to 2.7 percent, according to the ADB.

Coronavirus cases in the Kingdom have been rising in spite of the rapid progress of the immunisation campaign. The Kingdom’s active COVID cases rose above the 5,000 mark yesterday [Tuesday] for the first time in many weeks. Cambodia has fully vaccinated more than two thirds of its 16 million-plus population.

ASEAN as a whole has reported more than 11.5 million COVID-19 cases. More than 840,000 were active cases as of September 21. The ADB cut its Southeast-Asia economic growth forecast to 3.1 percent in 2021 from an April prediction of 4.4 percent growth. Next year the region’s GDP will grow 5.0 percent, a touch lower than April’s 5.1 percent forecast, the bank said.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: Cambodia
Previous Post

Women’s rights activist to leaders at UN: Don’t let Taliban fool you

Next Post

Brazil’s health minister tests positive for Covid-19 in NYC

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
104

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
80

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
109

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

July 17, 2020
506
Cambodia rice production losses caused by droughts about $100 million

Cambodia rice production losses caused by droughts about $100 million

October 1, 2021
16
Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

July 3, 2023
104
Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

May 27, 2020
38
Waste-to-energy plans in Cambodia on hold for time being

Waste-to-energy plans in Cambodia on hold for time being

November 11, 2020
31
Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

June 14, 2023
109

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!