Cambodia Economic Update: Navigating Global Economic Headwinds
While recovering from Coronavirus (COVID-19),Cambodia's economy is now facing global economic headwinds. The current account improved in the first half of 2022 as the trade deficit narrowed. Rising global energy, fertilizer and food prices prompted a surge in inflation. Rising inflation is part...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
|
| Schriftenreihe: | Economic Updates and Modeling
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | While recovering from Coronavirus (COVID-19),Cambodia's economy is now facing global economic headwinds. The current account improved in the first half of 2022 as the trade deficit narrowed. Rising global energy, fertilizer and food prices prompted a surge in inflation. Rising inflation is particularly harmful to poor households. To mitigate impacts of the food and oil price shock, the authorities are planning to introduce additional social assistance measures, while extending the existing COVID19 cash transfer program until end-2022. Promoting the domestic economic sectors, focusing on the travel, tourism, and hospitality industries should help partly offset the deterioration of external demand conditions. And successful facilitation of coherent private sector leadership of the sector should help create a "crowding-in" effect, anchored to comprehensive long-term plans, catalyzed by public seed funding. It is equally important to address supply chain constraints, which include high logistics and transportation costs to boost export |
| Beschreibung: | 1 Online-Ressource |
| DOI: | 10.1596/38371 |
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| 520 | 3 | |a While recovering from Coronavirus (COVID-19),Cambodia's economy is now facing global economic headwinds. The current account improved in the first half of 2022 as the trade deficit narrowed. Rising global energy, fertilizer and food prices prompted a surge in inflation. Rising inflation is particularly harmful to poor households. To mitigate impacts of the food and oil price shock, the authorities are planning to introduce additional social assistance measures, while extending the existing COVID19 cash transfer program until end-2022. Promoting the domestic economic sectors, focusing on the travel, tourism, and hospitality industries should help partly offset the deterioration of external demand conditions. And successful facilitation of coherent private sector leadership of the sector should help create a "crowding-in" effect, anchored to comprehensive long-term plans, catalyzed by public seed funding. It is equally important to address supply chain constraints, which include high logistics and transportation costs to boost export | |
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| 650 | 4 | |a Inflation | |
| 650 | 4 | |a International Economics and Trade | |
| 650 | 4 | |a Poor Households | |
| 650 | 4 | |a Poverty Reduction | |
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| index_date | 2024-07-03T22:27:55Z |
| indexdate | 2025-02-20T07:20:17Z |
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| language | English |
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| series2 | Economic Updates and Modeling |
| spellingShingle | Cambodia Economic Update Navigating Global Economic Headwinds COVID-19 Domestic Economic Sectors Global Economic Headwinds Inflation International Economics and Trade Poor Households Poverty Reduction |
| title | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_auth | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_exact_search | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_exact_search_txtP | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_full | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_fullStr | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_full_unstemmed | Cambodia Economic Update Navigating Global Economic Headwinds |
| title_short | Cambodia Economic Update |
| title_sort | cambodia economic update navigating global economic headwinds |
| title_sub | Navigating Global Economic Headwinds |
| topic | COVID-19 Domestic Economic Sectors Global Economic Headwinds Inflation International Economics and Trade Poor Households Poverty Reduction |
| topic_facet | COVID-19 Domestic Economic Sectors Global Economic Headwinds Inflation International Economics and Trade Poor Households Poverty Reduction |
| url | https://doi.org/10.1596/38371 |
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