PHNOM PENH — 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. (Cambodia-Economic Recovery)
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CANBERRA — Australia’s Prime Minister Scott Morrison on Thursday announced a funding injection to transform the country into a leading digital economy by 2030.
Morrison outlined a 1.2 billion-Australian dollar (926.5 million U.S. dollars) plan to accelerate the uptake of digital technologies in the wake of the coronavirus pandemic. (Australia-Digital Economy)
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SEOUL — South Korea’s online shopping logged a double-digit increase in March due to pent-up demand, caused by the COVID-19 pandemic, statistical office data showed Thursday.
Shopping in the cyberspace amounted to 15.89 trillion won (14.1 billion U.S. dollars) in March, up 26.4 percent from a year earlier, according to Statistics Korea. (S.Korea-Online Shopping)
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BRASILIA — The Central Bank of Brazil’s Monetary Policy Committee on Wednesday raised the benchmark interest rate from 2.75 percent to 3.50 percent annually, marking the second consecutive increase of 0.75 percentage points.
The rate hike was in line with the expectations of most financial market analysts. (Brazil-Interest Rate)
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