Cambodia’s economy on track for recovery in 2023: AMRO

Cambodia's economy is poised for gradual recovery in 2023, with an expected GDP growth from 5.3 to 6.2 per cent by 2024.

Cambodia’s economy is forecast to maintain a gradual recovery in 2023, driven by robust domestic activities, according to a recent report by the ASEAN+3 Macroeconomic Research Office (AMRO).

Although the garment sector’s growth is expected to slow down due to reduced demand from the US and EU, the non-garment manufacturing sector is likely to see continued high growth. The GDP growth rate is anticipated to increase from 5.3 per cent in 2023 to 6.2 per cent in 2024.

In full:

Related Stories

Latest News