Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19
The global epidemiological and economic crisis unleashed by COVID-19 (Coronavirus) poses the greatest threat to Cambodia’s development in its 30 years of modern history. The three most affected sectors - tourism, manufacturing exports, and construc...
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World Bank, Phnom Penh
2020
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| Online Access: | http://documents.worldbank.org/curated/en/165091590723843418/Cambodia-Economic-Update-Cambodia-in-the-Time-of-COVID-19-Special-Focus-Teacher-Accountability-and-Student-Learning-Outcomes http://hdl.handle.net/10986/33826 |
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okr-10986-338262021-05-25T09:47:52Z Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 World Bank Group CORONAVIRUS COVID-19 TEACHER ACCOUNTABILITY TEACHER EFFECTIVENESS STUDENT LEARNING EDUCATION ECONOMIC GROWTH ECONOMIC ACTIVITY HEALTH CRISIS TOURISM FDI FLOWS AGRICULTURAL PRODUCTIVITY MIGRANT LABOR FISCAL TRENDS PUBLIC DEBT ECONOMIC OUTLOOK EDUCATION QUALITY SCHOOL-BASED MANAGEMENT SCHOOL GOVERNANCE The global epidemiological and economic crisis unleashed by COVID-19 (Coronavirus) poses the greatest threat to Cambodia’s development in its 30 years of modern history. The three most affected sectors - tourism, manufacturing exports, and construction - contributed more than 70 percent of growth and 39.4 percent of total paid employment in 2019. Therefore, in the current year, Cambodia’s economy is likely to register its slowest growth since 1994, contracting between -1 percent (baseline) and -2.9 percent (downside). Poverty can increase between 3 and 11 percentage points from a 50 percent income loss that lasts for six months for households engaged in tourism, wholesale and retail trade, garment, construction, or manufacturing. The fiscal deficit can reach its highest level in 22 years, and public debt is expected rise to 35 percent of gross domestic product (GDP) by 2022. The authorities have introduced emergency measures to contain the outbreak and provide fiscal assistance to affected households, workers, and enterprises. To facilitate a robust recovery, the government will need to continue to ensure macroeconomic and financial sector stability and accelerate trade and investment reforms as well as encourage faster adoption of digital technologies. 2020-05-29T17:25:44Z 2020-05-29T17:25:44Z 2020-05 Report http://documents.worldbank.org/curated/en/165091590723843418/Cambodia-Economic-Update-Cambodia-in-the-Time-of-COVID-19-Special-Focus-Teacher-Accountability-and-Student-Learning-Outcomes http://hdl.handle.net/10986/33826 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Phnom Penh Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Cambodia |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
CORONAVIRUS COVID-19 TEACHER ACCOUNTABILITY TEACHER EFFECTIVENESS STUDENT LEARNING EDUCATION ECONOMIC GROWTH ECONOMIC ACTIVITY HEALTH CRISIS TOURISM FDI FLOWS AGRICULTURAL PRODUCTIVITY MIGRANT LABOR FISCAL TRENDS PUBLIC DEBT ECONOMIC OUTLOOK EDUCATION QUALITY SCHOOL-BASED MANAGEMENT SCHOOL GOVERNANCE |
| spellingShingle |
CORONAVIRUS COVID-19 TEACHER ACCOUNTABILITY TEACHER EFFECTIVENESS STUDENT LEARNING EDUCATION ECONOMIC GROWTH ECONOMIC ACTIVITY HEALTH CRISIS TOURISM FDI FLOWS AGRICULTURAL PRODUCTIVITY MIGRANT LABOR FISCAL TRENDS PUBLIC DEBT ECONOMIC OUTLOOK EDUCATION QUALITY SCHOOL-BASED MANAGEMENT SCHOOL GOVERNANCE World Bank Group Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| geographic_facet |
East Asia and Pacific Cambodia |
| description |
The global epidemiological and economic
crisis unleashed by COVID-19 (Coronavirus) poses the
greatest threat to Cambodia’s development in its 30 years of
modern history. The three most affected sectors - tourism,
manufacturing exports, and construction - contributed more
than 70 percent of growth and 39.4 percent of total paid
employment in 2019. Therefore, in the current year,
Cambodia’s economy is likely to register its slowest growth
since 1994, contracting between -1 percent (baseline) and
-2.9 percent (downside). Poverty can increase between 3 and
11 percentage points from a 50 percent income loss that
lasts for six months for households engaged in tourism,
wholesale and retail trade, garment, construction, or
manufacturing. The fiscal deficit can reach its highest
level in 22 years, and public debt is expected rise to 35
percent of gross domestic product (GDP) by 2022. The
authorities have introduced emergency measures to contain
the outbreak and provide fiscal assistance to affected
households, workers, and enterprises. To facilitate a robust
recovery, the government will need to continue to ensure
macroeconomic and financial sector stability and accelerate
trade and investment reforms as well as encourage faster
adoption of digital technologies. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| title_short |
Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| title_full |
Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| title_fullStr |
Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| title_full_unstemmed |
Cambodia Economic Update, May 2020 : Cambodia in the Time of COVID-19 |
| title_sort |
cambodia economic update, may 2020 : cambodia in the time of covid-19 |
| publisher |
World Bank, Phnom Penh |
| publishDate |
2020 |
| url |
http://documents.worldbank.org/curated/en/165091590723843418/Cambodia-Economic-Update-Cambodia-in-the-Time-of-COVID-19-Special-Focus-Teacher-Accountability-and-Student-Learning-Outcomes http://hdl.handle.net/10986/33826 |
| _version_ |
1764479599198076928 |