construction
People visit Angkor Wat in Siem Reap province. (VOD)

World Bank Projects Negative Growth in Cambodia, a First Since 1994

Cambodia could see negative growth this year — for the first time since 1994 — due to the pandemic-spurred economic crisis, the World Bank projected on Friday, estimating even more severe hits to the nation’s key industries than it did two months ago.

Construction workers at a building site in Phnom Penh in January 2015 (Philip Brookes/Flickr)

World Bank Warns of Economic Risks Amid Strong Growth

Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update.