IMF: Cambodia's economy will grow 6.1% by 2024

In recent years, we have seen that the economy in each country seems to be more volatile. But if looking at Cambodia's economy, is still showing good signs, as this sign will lead to high growth in 2024. This is according to the latest outlook from the International Monetary Fund (IMF).

According to The Star News, the International Monetary Fund (IMF) recently forecast that Cambodia's economy will grow by around 6.1% next year. These signs mean that Cambodia is likely to become the fastest-growing economy in the other 10 countries for the second year in a row. And Cambodia's economic growth is being closely followed by the Philippines, whose economy is expected to grow 5.3% this year and 5.9% next year.

Indonesia's economy is estimated to grow 5% in 2023 and 2024, while Laos' economy is forecast to grow 4% for both years. Myanmar's economic growth is expected to stabilize at 2.23% in 2023 and 2024.

Meanwhile, Vietnam is expected to grow 4.7% this year and 5.8% next year, while the forecast for Malaysia is 4% and 4.3%. Thailand's economy is expected to grow 2.7% this year and 3.2% next year.