Cambodia’s economy is showing signs of an overall revival this year amid improving liquidity and a rise in export demand, according to a report released recently by investment advisory firm Mekong Strategic Capital (MSC).
Titled ‘Economic Snapshot and Outlook 2024’, the report says the positive outlook for this year and beyond follows a significant slowdown that dampened growth and domestic demand beginning mid-2022.
Recent trends in garment, textiles and footwear exports, which saw a 19 per cent year-on-year increase in the first seven months this year, were also positive signs for an overall economic recovery in 2024. The sector, however, remains ‘somewhat volatile’, the report noted.
