Cambodia to see South-East Asia region’s fastest growth, says IMF

[reader]

From The Star

PHNOM PENH (China Daily/ANN): Cambodia’s economy is forecast to be the fastest-growing in the Association of South-East Asian Nations (Asean), according to the latest outlook by the International Monetary Fund backed by analysts reports.

In the World Economic Outlook published earlier this week, the IMF projected that Cambodia’s real GDP will grow 5.6 per cent this year and 6.1 per cent next year, up from the 5.2 per cent growth recorded last year.

This means the kingdom is likely to become the fastest-growing economy in the 10-nation bloc for two consecutive years.

Cambodia’s growth was closely followed by the Philippines, whose economy is expected to grow 5.3 per cent this year and 5.9 per cent next year.

Indonesia’s economy is estimated to grow 5 per cent in both 2023 and 2024, while the Lao economy is projected at 4 per cent for both years. Growth in Myanmar is expected to be stable for 2023 and 2024 at 2.6 per cent.

Vietnam is expected to grow by 4.7 per cent this year and 5.8 per cent next year, while the predicted growth for Malaysia is 4 and 4.3 per cent, respectively.

Thailand’s economy is expected to grow 2.7 per cent this year and 3.2 per cent next year.

[vinapu]

good news as they still  have a lot to catch up with

[Keithambrose]

Indeed, I wonder how much if the growth will go to the ordinary people?