Cambodia: Navigating External Headwinds Through Targeted Support and Rebuilding Fiscal Buffers

Cambodia has navigated the COVID-19 pandemic well. Apart from the quick roll-out of vaccines, the government support measures have mitigated economic scarring and prevented households from falling into poverty.

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Cambodia: Resilient Growth Backed by Strong Fiscal Stimulus and High Vaccination Rates

The Cambodian economy has been resilient. The early lifting of COVID-19 restrictions boosted domestic activity while strong external demand supported its recovery in the first half of 2022. As the economy recovers and COVID-19 becomes endemic, it will be vital to refocus policy toward structural reforms that will help improve the long-term growth potential of the economy.

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Malaysia’s Firming Economic Recovery Allows for Recalibration of Policy Support

Protected by its high vaccination rate, continuing nationwide inoculation program, and adequate healthcare capacity, Malaysia has progressively reopened its economy despite the resurgence of infections by the Omicron variant in early 2022. Economic growth should firm up further with the country’s transition to the endemic phase of COVID-19 from the beginning of April.

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