WB: Cambodia's economic pillars unstable due to COVID-19
Phnom Penh (VNA), April 15 -- The World Bank (WB) warned on April 14 that the slow growth of Cambodia's construction and real-estate sector, considered one of the country's economic pillars, could negatively affect the country's overall growth.
Along with other factors such as the COVID-19 pandemic and a sharp decrease in the number of tourist arrivals, a decline in the property sector's growth amid difficulties in the financial market and an increasing dependence on China's investment in the construction and real-estate sector have contributed to slowing down Cambodia's economic growth.
The WB recommended Cambodia to carry out micro-economic measures carefully, such as restricting construction loans and investment in real estate, and t...
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