Amro expects 6.2% growth for Cambodian economy in 2024

A bird’s-eye view of activities at Sihanoukville Autonomous Port (PAS). - PPP

PHNOM PENH: The Singapore-based Asean+3 Macroeconomic Research Office (Amro) has projected that Cambodia’s economy is set to grow by 5.3% in 2023 and 6.2% in 2024, continuing its gradual recovery.

According to the group, the kingdom’s economy has remained resilient, bolstered by a robust recovery in tourism, increased domestic consumption, expansion in non-garment manufacturing, strong foreign direct investment (FDI), and significant infrastructure investment.