An aerial view of central Phnom Penh showing numerous high-rise buildings.- Phnom Penh Post/ANN PHNOM PENH, May 6 (Xinhua): The Cambodian economy is expected to return to positive growth in 2021 after experiencing a contraction last year, the ASEAN+3 Macroeconomic Research Office (AMRO) said in a press statement on Thursday. Despite disruptions in domestic activity due to the recent lockdown, the Cambodian economy is projected to grow by 4 percent in 2021, led by a robust recovery in manufacturing and supported by continued fiscal stimulus, AMRO lead specialist Seung Hyun Hong said in the statement. The recent spike in community cases underscores the need for the government s strong response to contain the pandemic and speed up the vaccination rollout to achieve herd immunity, he said.
ASEAN+3 to remain lucrative for global value chains investment
1st April 2021 6 hours ago
AMRO Chief Economist Dr. Hoe Ee Khor during the webinar, Global Value Chains in the Post-Pandemic “New Normal , Wednesday. (7/4) (Antara / Azis Kurmala)
Although we have seen some cross-border relocation of GVCs globally, the ASEAN+3 region will remain a highly attractive location for GVC investment in the post-pandemic world Jakarta (ANTARA) - AMRO Chief Economist Dr. Hoe Ee Khor opined that the ASEAN+3 region will remain a highly attractive location for global value chains (GVC) investment during the post-pandemic era. Although we have seen some cross-border relocation of GVCs globally, the ASEAN+3 region will remain a highly attractive location for GVC investment in the post-pandemic world, Dr Khor stated during the webinar, Global Value Chains in the Post-Pandemic “New Normal , Wednesday.
China is expected to maintain a neutral monetary policy in the second quarter, as stronger investment will lead to a solid economic recovery, while there should be additional risk-control efforts, economists said on Monday.
With consumption continuing to recover and exports remaining strong, the world s second-largest economy is expected to maintain robust GDP growth in the second quarter. Investment in the manufacturing industry may rebound, following a recovery of industrial profit growth, they said.
A senior official from the central bank, the People s Bank of China, stressed last week the importance of boosting lending to the manufacturing sector. Measures will guide financial institutions to raise medium to long-term loans and maintain reasonable growth of credit to manufacturers, especially high-tech firms, said Zou Lan, head of the central bank s financial market department.
Source: China State Council Information Office
China is expected to maintain a neutral monetary policy in the second quarter, as stronger investment will lead to a solid economic recovery, while there should be additional risk-control efforts, economists said on Monday.
With consumption continuing to recover and exports remaining strong, the world’s second-largest economy is expected to maintain robust GDP growth in the second quarter. Investment in the manufacturing industry may rebound, following a recovery of industrial profit growth, they said.
A senior official from the central bank, the People’s Bank of China, stressed last week the importance of boosting lending to the manufacturing sector. Measures will guide financial institutions to raise medium to long-term loans and maintain reasonable growth of credit to manufacturers, especially high-tech firms, said Zou Lan, head of the central bank’s financial market department.