Few prospects for 2021 being the year for economic recovery

In just over two weeks, the year 2020, which has been severely hit by the pandemic will come to an end, and with that, hope that the year 2021 will bring scope for economic improvement, especially from the likely availability of anti-COVID vaccines. In October, the Asian Development Bank (ADB), World Bank, and Cambodian government forecast that the Kingdom’s economic growth will rebound by 5.4 percent, 4.3 percent and 3.5 percent respectively in 2021. Previously made projections predicted that the national economy would decline anywhere from 5.4 percent to 1.9 percent in 2020 as a result of the ravages of the pandemic…

December 28th, 2020