PHNOM PENH, Feb. 13 (Xinhua) -- Some 500,000 Cambodians have been affected by the global economic downturn, English-language daily newspaper the Phnom Penh Post on Friday quoted the International Labor Organization (ILO) as saying.
Another one million are expected to feel the pinch in 2009, said an ILO report of economic assessment of the kingdom.
ILO predicted 19,000 job losses in the garment sector and 25,600 in construction, as well as 5.1 percent growth in gross domestic products (GDP) in 2009.
Meanwhile, it urged the Cambodian government to take strong action to cushion the effects of the crisis, including establishing a central job information system, an unemployment program and a multi-sector trade union.
The Cambodian economy was estimated to grow by only seven percent in 2008 and the government is trying to maintain a six percent growth in 2009.
The International Monetary Fund (IMF) predicted 4.8 percent economic growth, while the World Bank has forecast 4.9 percent GDP growth for Cambodia in 2009.
Another one million are expected to feel the pinch in 2009, said an ILO report of economic assessment of the kingdom.
ILO predicted 19,000 job losses in the garment sector and 25,600 in construction, as well as 5.1 percent growth in gross domestic products (GDP) in 2009.
Meanwhile, it urged the Cambodian government to take strong action to cushion the effects of the crisis, including establishing a central job information system, an unemployment program and a multi-sector trade union.
The Cambodian economy was estimated to grow by only seven percent in 2008 and the government is trying to maintain a six percent growth in 2009.
The International Monetary Fund (IMF) predicted 4.8 percent economic growth, while the World Bank has forecast 4.9 percent GDP growth for Cambodia in 2009.
3 comments:
ILO is on crack. Cambodia always has high jobless, and it has nothing to do with no economic slump. However, it has a lot to do with Pouk Ah Scam Rainxy's dirty scheme to make people suffer for their political gain.
"[-Cambodia's Strongman will never believe this, even if he can see it with his eye]"
KI is no doubt a hypocritical political tool. In your page, you beg people not to attack anyone personally and then you put in words like those, a cheap shot in reference to Hun Sen's one blind eye huh? You accuse people of being corrupted this and that but you know what is more sickening is a bunch of accountants and financial bankers who do nothing more than contradicting themselves. I thought you should learn the principle of honesty already doing what you do for a living? Maybe, a person so infatuated by one's own political agenda could overcomes a simple rational notion of knowing of what being a decent human being is.
អំណាច ដូចទឹកមូយថ្លុក បើមិនហូរ រលួយស្អុយទាល់រីង។
there can be no democracy when one family rule with friends and relative and then inter-married to create the ruling dynasty!
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