Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - EC rejects Cambodia projection by EIU

EC rejects Cambodia projection by EIU

EC rejects Cambodia projection by EIU

Siem Reap
EUROPEAN Commission delegates to Cambodia on Thursday said that while the global financial crisis will have grim consequences for rural Cambodians, the situation is not as bad as a recent Economist Intelligence Unit report suggests.

 

Chanthou Hem, the program officer for food security at the European Commission, said at a meeting in Siem Reap: "I think the EIU report is a little pessimistic," but added that the economic downturn would inevitably create some social tension.

The EC delegation today finishes a two-day conference titled "Repercussions of the economic downturn in rural Cambodia" at the Ree Hotel in Siem Reap.

In a presentation on the impact of the downturn on the rural poor, Chanthou Hem said that the downturns in garment, tourism and construction sectors, combined with the lingering effects of the 2008 food price crisis, will increase the trafficking and prostitution of rural women and force families to live on small quantities of low-quality food.

RECOMMENDED STORIES

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all

  • Ex-RFA journos accuse outlet

    Two former Radio Free Asia journalists held a press conference yesterday claiming they are each owed $28,000 by the US-funded radio broadcaster, which shuttered its in-country operations in September amid a government crackdown on independent media. The journalists, Sok Ratha and Ouk Savborey, maintained they organised