|Royal oxen, cousins to the more common variety in the photo, offered their take on Cambodia's agricultural prospects.
(Photo courtesy of dee under a Creative Commons license)
So any good news since my last post on this and the release of the Cambodia Economic Watch? Yes, a few.
- First, the government has now more clearly articulated its concerns about the economic situation and its initial response, which covers a range of issues (macroeconomic tools, but also some funding to provide credit to farmers and training to laid-off workers).
- Second, I get the feeling that some construction activities are more active now, at least in Phnom Penh where I live.
- Third, despite the oxen’s predictions, I am told that the rice dry season was quite good and that the rain that came rather early this year is good for farmers.
Let me know if you see good or bad signs for Cambodia's economic growth: the question has now moved from "whether" the country was vulnerable to "how long" the down time will last.