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50,000 Cambodian workers lose their jobs in 2009

In Economy, Financial Crisis, Labor on February 15, 2009 by viCheth

The ILO report forecasts a difficult 2009:

  • GDP growth 5.1pc
    down from 6pc in 2008
  • FDI to decelerate 0.9pc
  • 2.5pc fall in exports
    $75m loss in export revenue
  • Job losses
    25,600 construction jobs and 19,000 jobs in garment sector to be lost
  • More than 1.5 million affected
  • Tourism growth to drop
    5.5pc growth, down from 15.7pc in 2008

Source: ILO

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