IMF projects Cambodia's economy to grow 5.5% with exports and tourism rebound, but faces slow credit growth and high domestic debt.
The IMF projects Cambodia's economy will grow by 5.5% in 2024, up from 5% in 2023, fueled by rebounds in garment and agricultural exports and tourism recovery. However, the construction sector faces a correction, and credit growth has slowed due to high private debt and rising non-performing loans. Inflation has decreased to 1.6% in early 2024. Risks include weaker demand from advanced economies and high domestic debt, prompting recommendations for fiscal policy adjustments.
September 30, 2024
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