Cambodia: 2023 Article IV Consultation-Press Release; and Staff Report
January 31, 2024
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Cambodia: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 25, 2024
Summary
Cambodia has experienced rapid growth over the past decade, outpacing many regional peers. Growth was driven by industrialization, increased foreign direct investment, and a surge in exports, particularly in labor-intensive manufacturing. The economy underwent significant structural shifts and has made strides in poverty reduction. However, the COVID-19 pandemic caused significant setbacks and may have left longer-term scarring. The challenges ahead are to sustain inclusive growth, diversify exports, and navigate potential headwinds from China's slowing growth.
Publication Details
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Pages:
112
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2024/036
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Stock No:
1KHMEA2024001
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ISBN:
9798400267727
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ISSN:
1934-7685
