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IMF lowers growth forecast for Cambodia due to weak external demand

oktober 18, 2023by Reacties uitgeschakeld voor IMF lowers growth forecast for Cambodia due to weak external demand

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PHNOM PENH, Oct. 18 (Xinhua) — The International Monetary Fund (IMF) on Wednesday lowered its 2023 economic growth forecast for Cambodia to 5.6 percent from its April prediction of 5.8 percent, mainly due to weak external demand.

“Cambodia is very exposed to the U.S. and European markets, and demand there is weaker,” Shanaka Peiris, division chief of regional studies at the IMF’s Asia and Pacific Department, sa

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