{"id":11826,"date":"2020-04-04T11:51:34","date_gmt":"2020-04-04T04:51:34","guid":{"rendered":"https:\/\/www.cd-center.org\/?p=11826"},"modified":"2020-04-04T11:51:34","modified_gmt":"2020-04-04T04:51:34","slug":"covid-19-socio-economic-impacts","status":"publish","type":"post","link":"https:\/\/cd-center.org\/kh\/covid-19-socio-economic-impacts\/","title":{"rendered":"COVID-19: Socio-Economic Impacts"},"content":{"rendered":"

<\/p>\n

AUTHOR<\/h4>\n

Ms. Chea Muykim is a Research and Publication Coordinator at Cambodia Development Center.<\/p>\n

ABOUT Article<\/h4>\n

According to the statement made by the IMF Managing Director, Kristalina Georgieva, after a conference call with finance ministers and central bankers of the G20, the global economic recession caused by the COVID-19 pandemic will be worse than that of the global financial crisis in 2008 and 2009. A similar finding by the Asian Development Bank (ADB) highlights that the COVID-19 pandemic could cost the globe between USD77 billion to USD347 billion, which translates into about 0.1 \u2013 0.4 percent loss of global GDP. Unless there are proper measures to cushion the shock COVID-19. outbreak has on the economy, it will affect every level of the society where no one can be excluded and escape the consequences. While the economic impacts of COVID-19 is very big to tackle, we also cannot undermine the social consequences it has on people’s life and their well-being as well as social equality. The effect of COVID-19 will be felt at every part of the world and simply by everyone.<\/p>\n

Please see the article below for more concrete details about the severity that COVID-19 has on global level, regional level and state level. Or you can download it from:<\/p>\n

Download in English<\/a><\/em><\/p>\n

Download in Khmer<\/em><\/a><\/p>\n

 <\/p>","protected":false},"excerpt":{"rendered":"

AUTHOR Ms. Chea Muykim is a Research and Publication Coordinator at Cambodia Development Center. ABOUT Article According to the statement made by the IMF Managing Director, Kristalina Georgieva, after a conference call with finance ministers and central bankers of the G20, the global economic recession caused by the COVID-19 pandemic will be worse than that […]<\/p>\n","protected":false},"author":0,"featured_media":11881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,21],"tags":[],"all_author":[],"class_list":["post-11826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-social-issues-and-development"],"yoast_head":"\nCOVID-19: Socio-Economic Impacts - Cambodia Development Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cd-center.org\/kh\/covid-19-socio-economic-impacts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID-19: Socio-Economic Impacts\" \/>\n<meta property=\"og:description\" content=\"According to the statement made by the IMF Managing Director, Kristalina Georgieva, after a conference call with finance ministers and central bankers of the G20, the global economic recession caused by the COVID-19 pandemic will be worse than that of the global financial crisis in 2008 and 2009. A similar finding by the Asian Development Bank (ADB) highlights that the COVID-19 pandemic could cost the globe between USD77 billion to USD347 billion, which translates into about 0.1 \u2013 0.4 percent loss of global GDP. Unless there are proper measures to cushion the shock COVID-19. outbreak has on the economy, it will affect every level of the society where no one can be excluded and escape the consequences. While the economic impacts of COVID-19 is very big to tackle, we also cannot undermine the social consequences it has on people's life and their well-being as well as social equality. 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