Cambodia’s economy projected to have grown by 5.3% in 2023: IMF

Cambodia’s economy is projected to have grown by 5.3 per cent last year, fuelled by a resurgence in tourism and strong performance in non-garment exports, according to the International Monetary Fund’s (IMF) executive board, which recently concluded the Article IV consultation with the country.

However, risks are skewed to the downside. Weaker-than-expected growth in the US, accounting for over 40 per cent of Cambodia’s exports, and China pose significant risks, IMF noted.

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