CHAPTER 5 : ACTIVITY 1

Using newspapers, magazines, or online sources, locate recent news articles that
address economic issues and use the following boxes to summarize them.

DATE SOURCE CONTENT

March 2024 ScienceDirect The impact of digital
economy on renewable
energy development in
China
January 17,2024 Brookings Geopolitical tensions have
become the single most
important risk confronting
the global economy. Wars
are now raging in two
regions critical to the
world’s food and energy
supply—Eastern Europe
and the Middle East.
January 22,2024 Chatham house China’s economy is
becoming a drag on global
growth the economic
transition that China is
aiming for would be very
tough. Add to that the
challenges of a shrinking
population, a falling price
level, a number of hostile
trading partners and
largely unhappy
households, and China’s
economy will be a growing
source of concern to
policymakers worldwide.
January 10,2024 Deloitte insights major central banks
appear on the verge of
loosening monetary policy,
confident that inflation is
largely beaten.1 Although
the global economy has
slowed, the outlook is
somewhat more benign
than anticipated. But new
problems emerged over the
past year. The Russia-
Ukraine conflict continues,
there is a new war and
crisis in the Middle East,
tensions between the
world’s two largest
 economies remain
significant, and patterns of
trade and cross-border
investment are shifting.
December 6,2023 IPS Cambodia Real Estate Projections from the
International Monetary
Fund (IMF) indicate that
Cambodia’s economy will
expand from 5.6 percent
this year to 6.1 percent in
2024, surpassing its
growth rate of 5.2 percent
in 2022. This positive
outlook positions
Cambodia as a leading
economy among the
ASEAN markets.
January, 2024 Cambodia investment Cambodia is aspiring to
review become a high-income
country by 2050. To make
this happen, Prime Minster
Hun Manet released his
Pentagonal Strategy,
centering on the five
objectives of sustained
economic growth, more
and better employment,
human capital
development,
diversification of the
economy and increased
competitiveness. The
garment sector is not
conducive to such
transformations. The
sector is already on life
support — a tax break is in
place for garment factories
until the end of 2025 —
but a continued reliance
on garment manufacturing
also exacerbates
Cambodia’s economic
vulnerability.
February 1,2024 The Phnom Penh Post Surge in industrial sector
expected for ‘24
he ministry warns of
potential negative impacts
from the prevailing global
 economic uncertainties,
which could destabilise
external demand,
especially from critical
markets including the US
and EU.

It said that non-garment

manufacturing is
anticipated to remain
robust, fuelled by a
balanced mix of domestic
demand and export-
oriented growth.

CHAPTER 5: ACTIVITY 2
National Economic Goals Survey

SUBJECT ECONOMIC LOW STABLE ECONOMIC INCOME

PROBLEM UNEMPLOYME PRICES GROWTH DISTRIBUTI
NT ON
1 living standard employed depends on possible not enough
attendance
2 money issues employed based on yes(in never enough
work cambodia)
3 working area unemployed no not at all close to not enough
impossible
4 rent employed clientele no decent
5 limited employed no no enough
resources
6 lack of employed not stable yes just enough
employees (manager
decides)
7 food/rent unemployed depends on not really not enough
customers