Garment exports in Cambodia remained weak last year and a rebound in the sector and a robust tourism recovery will fuel Cambodia's economic growth in 2024 and 2025, the ASEAN+3 Macroeconomic Research Office 2024 annual consultation report on the country said.
Garment exports in Cambodia remained weak last year and a rebound in the sector due to stronger demand in major advanced markets and a robust tourism recovery will fuel Cambodia’s economic growth this year and the next, according to the ASEAN+3 Macroeconomic Research Office (AMRO’s) 2024 annual consultation report on Cambodia.
The economy is expected to continue its gradual recovery path with projected growth of 5.6 per cent in 2024 and 5.9 per cent in 2025, the report said.
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