Cambodia lowers its economic growth forecast for 2021 to 2.5%

　　(Fighting New Coronary Pneumonia) Cambodia lowers its economic growth forecast in 2021 to 2.5%

　　China News Agency, Phnom Penh, October 8th (Reporter Ouyang Kaiyu) The Cambodian government said on the 8th that in view of the uncertainty of the global economy due to the new crown pneumonia epidemic, the government decided to lower the economic growth rate forecast for 2021 to 2.5%, that is The gross domestic product (GDP) is approximately 26.867 billion U.S. dollars.

　　On the same day, the Cambodian government announced the macroeconomic situation in the first half of 2021. The report stated that in the face of the continuing impact of the new crown pneumonia epidemic, in order to maintain continued macroeconomic growth and social stability, the Cambodian government attaches great importance to epidemic prevention and control and economic development. In addition to curfews, alcohol prohibitions, prohibition of inter-provincial movement, and prohibition of gatherings, in response to economic difficulties, a total of 9 rounds of response measures and 6 rounds of relief measures have been introduced, a national strategic plan for vaccination has been formulated, and the new crown vaccination campaign has been launched. , To increase vaccine procurement and vaccination efforts, and strive to establish a herd immunity barrier.

　　According to the report, in the first half of the year, Cambodia’s inflation rate was 2.5%, and the riel/dollar ratio remained at 4085:1, an increase of 0.2% over the same period last year.

Foreign exchange reserves of US$20.8 billion can guarantee 10 months of import needs.

Broad money (M2) 147,746 billion riel, or about 36.994 billion U.S. dollars, a year-on-year increase of 19.2%.

　　As of the end of June this year, Cambodia’s total public debt was 9.12 billion US dollars, of which China’s foreign debt was 3.929 billion US dollars, accounting for 43.07% of Cambodia’s total foreign debt.

The cargo throughput of the two major ports, Phnom Penh Port and Sihanoukville Port, was 5.4598 million tons, a year-on-year increase of 5.9%. Among them, Phnom Penh Port had a throughput of 1,937,900 tons, a year-on-year increase of 7.9%; Sihanoukville Port had a throughput of 3.5219 million tons, a year-on-year increase of 7.9%. A decrease of 4.9%.

　　During the same period, Cambodia's fiscal budget revenue and expenditure increased slightly.

In the first half of the year, the Cambodian state budget balance of 1,494.5 billion riel, or about 374 million U.S. dollars, increased by 26% year-on-year.

The tourism industry has fallen sharply, and tourism has become the economic sector that has been hit hardest by the new crown pneumonia epidemic. The agricultural sector has remained generally stable, the construction industry has declined significantly, foreign direct investment has increased significantly, and foreign trade has continued to increase significantly.

According to Cambodian Customs statistics, the total foreign trade in the first half of the year reached 21.429 billion U.S. dollars, a year-on-year increase of 25.3%.

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