The Asian Development Bank (ADB) predicts Cambodia will suffer 390,000 job losses this year due to the Covid-19 pandemic. But it congratulated the government for its response to the crisis and its cash transfer programme for the poor and vulnerable.
A report by Fitch Solutions predicts Cambodia, Myanmar, and Vietnam to gain most from shifts in apparel manufacturing. The report says, China’s reduction of apparel manufacturing operations creates new opportunities for its neighboring countries to expand their presence as suppliers to China, and grow their market share in North America and Europe at China's expense.
The message from Cambodia’s central bank and financial executives is that all is well on the financial front. This month, for instance, they pointed to 20.7% growth in lending in the first half of the year, low inflation and growing deposit-taking as cause for reassurance. https://bit.ly/2WA8DWg;
