IMF: Cambodia to be fastest-growing economy in ASEAN by 2025

The International Monetary Fund (IMF) has projected that Cambodia will be the third-fastest growing economy in ASEAN next year and fastest growing economy in the region by 2025.

In the IMF’s recently-released World Economic Outlook, Cambodia’s economy is forecast to shrink 2.8 percent this year, much higher than the 1.5 percent contraction forecast for Indonesia.

Amid the COVID-19 pandemic, deeper contractions of 8.3 percent are forecast for the Philippines, 7.1 percent for Thailand and 6.0 percent for both Malaysia and Singapore.

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