(The Khmer Times)
Although vaccines have begun to be administered in the Kingdom, a resurgence in cases and talk of new virus variants continues to fuel economic uncertainty. Tourist numbers dropped by over 70 percent between January and September of 2020 year-on-year.
The disruption of the global supply chain resulted in a chokehold on the Kingdom’s exports and the fall in foreign direct investment (FDI) slowed the important flow of job-creating capital into the Kingdom.
However, progress across three key economic drivers, pointing to better times ahead, has already been recognised
According to a recent report by the World Bank (WB), despite research indicating that a slow recovery in tourism may continue to weigh down growth in the first half of 2021, the sector may strengthen in the second half as vaccines become more widely available and consumer confidence improves.