IMF revises global economic growth forecast to 2.8% for 2025

Economy and Industry

IMF revises global economic growth forecast to 2.8% for 2025 The International Monetary Fund (IMF) has adjusted its global economic growth forecast for 2025 to 2.8%, citing persistent challenges such as inflation, geopolitical tensions, and sluggish recovery in key sectors. Based on the latest World Economic Outlook (WEO) update, as of April 4, global economic growth is predicted to decline to 2.8% in 2025 and 3% in 2026. These figures represent a downgrade from the January forecast of 3.3% for both years and are significantly lower than the historical average growth of 3.7% seen between 2000 and 2019. This adjustment is attributed to factors like increased policy uncertainty, escalating trade tensions, and a loss of momentum in demand. The downgrade reflects uncertainties in global trade and investment, underscoring the importance of resilience in economic planning. (Source: Khmer Times)

Cambodia witnesses significant rise in steel imports in Q1 Cambodia experienced a remarkable surge in steel imports during the first quarter of 2025, driven by increased construction activities and infrastructure projects. Cambodia's iron and steel imports surged to $217 million in the first quarter of 2025, marking a 75% increase compared to $124 million during the same timeframe the previous year. These imports accounted for 2.9% of the country's total goods imports, which amounted to $7.573 billion in value during the three-month period, as per the General Department of Customs and Excise. Notably, March 2025 alone saw $72 million worth of iron and steel imports, reflecting a significant 90% rise from $37 million in March 2024. The report underscores the importance of strategic planning to ensure sustainable development in the construction industry. (Source: Khmer Times)

NBC and IFC collaborate to enhance financial data security The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) are exploring measures to strengthen financial data security amid rising cyber threats. The IFC Resident Representative updated NBC Governor Chea Serey on the progress of past efforts to enhance client protection in the financial sector, advance green financing initiatives, and strengthen other collaborative projects Additionally, the IFC Resident Representative highlighted the institution's willingness to work closely with key stakeholders to promote sustainable financial growth. She stressed the importance of recommendations from the IFC headquarters to optimize operations and leverage available resources to bolster investments in Cambodia's financial sector. The collaboration aims to develop robust cybersecurity frameworks and promote awareness among financial institutions. (Source: Khmer Times)

Corporate News

Wing Bank introduces Cambodia's first ESG-integrated banking solution Wing Bank, in partnership with FootprintLab, has launched Cambodia's first ESG-linked banking solution, marking a milestone in sustainable finance. The initiative integrates Environmental, Social, and Governance (ESG) principles into banking services, empowering businesses and individuals to make climate-conscious financial decisions. Wing Bank business account holders receive ESG accounting data, promoting transparency and compliance with ESG disclosure standards in major export markets. Individual customers, including both locals and international travelers using Wing Bank money cards, can view detailed information about the carbon footprint of their financial transactions. The collaboration aims to enhance transparency and competitiveness in global markets while promoting environmental responsibility. (Source: Cambodia Investment Review)

Stock Market

CSX index slips 0.4% as decliners outnumber gainers The CSX Index declined by 0.4% to close at 407.8 points. On the Main Board, PPSP (+0.47%) led the gainers, while CGSM (-0.83%), PEPC (-0.39%), PAS (-0.34%), and PWSA (-0.32%) posted losses. On the Growth Board, DBDE remained flat, while JSL edged down by 0.32%. Total trading volume for the day reached 46,463 shares, with a turnover of KHR 281 million. (Source: YSC Research)

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