Developing an effective social safety net, widening the economic base and making a concerted effort to formalize the businesses of the nation’s poorest are all crucial to a post-pandemic recovery.
PHNOM PENH–Cambodia’s ability to survive the economic fallout of the Coronavirus Disease 2019 (COVID-19) pandemic will be determined by how rapidly it can come to the assistance of its poorest and most vulnerable citizens, experts have advised. COVID-19 has claimed no live in Cambodia, but it has highlighted glaring vulnerabilities in the structures that have helped to bring about a 7 percent average annual growth in the economy for almost a decade. This year, Cambodia faces its worst economic performance since 1994.
Full article: https://cambodianess.com/article/cambodias-economic-recovery-hinges-on-addressing-inequality-and-diversification
