PHNOM PENH (Xinhua): The International Monetary Fund (IMF) said on Monday that the Cambodian economy is projected to grow by 5.5 per cent in 2024, up from 5 percent in 2023, driven by a strong rebound in garment and agricultural exports and the ongoing recovery in tourism.
"However, the construction and real estate sectors are going through a correction, following rapid growth in prior years," Kenichiro Kashiwase, IMF mission chief for Cambodia, said at the conclusion of a visit to Cambodia from Sept. 17 to 30.
