Economic Outlook for Southeast Asia, China and India 2024
Developing amid Disaster Risks
The Economic Outlook for Southeast Asia, China and India is a regular publication on regional economic growth and development in Emerging Asia – Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam, as well as China and India. It comprises three parts: a regional economic monitor, a thematic chapter addressing a major issue facing the region, and a series of country notes.
The 2024 edition discusses the region’s macroeconomic challenges such as external headwinds, impacts of El Niño and elevated levels of private debt. The thematic chapter focuses on strategies to cope with more frequent disasters. Emerging Asia is among the world’s most disaster-prone regions, and the threat of disasters, such as floods, storms, earthquakes and droughts, is increasing. The report explores how countries can reduce disaster risks and improve resilience by developing a comprehensive approach involving policy measures such as improving governance and institutional capacity, ensuring adequate budgets and broadening financing options, strengthening disaster-related education, improving land planning, investing in disaster-resilient infrastructure and disaster-related technology, improving health responses, and facilitating the role of the private sector.
Cambodia
Cambodia is exposed to floods, droughts, tropical storms and landslides (GFDRR, 2017[1]). Floods are the most prevalent type of disaster affecting the country, as shown in the figure below. It is classified as facing high disaster risk by the WorldRiskIndex (8.19, 65th-highest risk out of 193 countries). Between 2000 and 2022, disasters triggered by natural hazards caused more than 1 200 deaths and affected more than 16 million other people (CRED, 2024[2]).
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