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The Economist Highlights Survey on Covid-19 Impact on Cambodian MSMEs

February 8, 2022 — The Economist cites key findings from the Foundation’s recent report, “Revisiting the Pandemic: Rapid Survey on the Impact of Covid-19 on MSMEs in the Tourism Sector and Households in Cambodia” in a piece assessing the challenges facing the tourism industry in Southeast Asia.

This absence has taken its toll on the economy. In 2020 tourism’s contribution to regional gdp fell by more than half. Receipts from international tourists declined by 78%, more than in any other region. Many businesses have shut. In May, when a wave of covid-19 swept Cambodia, some 47% of small- and medium-sized enterprises canvassed by the Asia Foundation, an American ngo, had closed. A quarter of Thai tourism firms have shut permanently since the pandemic, according to the Tourism Council of Thailand.

Related locations: Cambodia
Related programs: Inclusive Economic Growth
Related topics: Covid-19 Impact on Southeast Asia MSMEs

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