Publication:
Cambodia Economic Update, June 2021: Road to Recovery

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-06-21T18:46:45Z
dc.date.available2021-06-21T18:46:45Z
dc.date.issued2021-06-15
dc.description.abstractAfter contracting by 3.1 percent in 2020, Cambodia’s economy has gradually recovered. The recovery is, however, uneven, partial, and volatile in part due to the re-introduction of a domestic lockdown, triggered by recent flare-ups of coronavirus infections. Like many countries in the region, Cambodia has been hit hard by global demand shock and coronavirus-related shutdowns which have had predictably uneven economic impacts across sectors. The agriculture sector has been relatively resilient in the face of the coronavirus shock. In addition, it has been boosted by increased investment, thanks to good prospects of the newly signed Cambodia-China Free Trade Agreement (CCFTA) and Regional Comprehensive Economic Partnership (RCEP).The manufacturing sector sharply contracted last year, but appears to have gradually recovered since, as it has adapted to changing external conditions. The easing of the traditional manufacturing industries, namely garment, footwear, and travel (GFT) goods has been partly offset by the expansion of the newly emerging manufacturing (electrical, electronic and vehicle parts including bicycles) and agroprocessing industries. Parts of the services sector such as accommodation, restaurants and transport continue to be hit hard by slowdown in domestic and international tourism, while wholesale and retail trade has managed to slowly recover, supported by a gradual revival in domestic economic activity.en
dc.identifierhttp://documents.worldbank.org/curated/en/788321624038286598/Cambodia-Economic-Update-Road-to-Recovery
dc.identifier.doi10.1596/35783
dc.identifier.urihttps://hdl.handle.net/10986/35783
dc.languageEnglish
dc.publisherWorld Bank, Phnom Penh
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECOVERY
dc.subjectMONETARY POLICY
dc.subjectFISCAL TRENDS
dc.subjectEXTERNAL SECTOR
dc.subjectPUBLIC DEBT
dc.subjectSOCIAL ASSISTANCE
dc.subjectCORONAVIRUS
dc.subjectCOVID-19
dc.subjectPANDEMIC RESPONSE
dc.subjectECONOMIC OUTLOOK
dc.titleCambodia Economic Update, June 2021en
dc.title.subtitleRoad to Recoveryen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleCambodia Economic Update, June 2021
okr.date.disclosure2021-06-18
okr.date.doiregistration2025-05-07T10:05:48.427511Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/788321624038286598/Cambodia-Economic-Update-Road-to-Recovery
okr.guid820371628661128559
okr.guid788321624038286598
okr.identifier.externaldocumentum090224b08870c7e3_1_0
okr.identifier.internaldocumentum33188505
okr.identifier.report160674
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/788321624038286598/pdf/Cambodia-Economic-Update-Road-to-Recovery.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryCambodia
okr.topicHealth, Nutrition and Population::Disease Control & Prevention
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicSocial Protections and Labor::Social Protections & Assistance
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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