Cambodia among fastest growing economies in region: McKinsey

[geovalin]

Cambodia has emerged as one of the four recent economic outperformers in the Southeast Asian region, according to analyst firm McKinsey & Company in a report published on Wednesday. McKinsey, an American worldwide management consulting firm, said some of the emerging economies have grown much faster and more consistently than others.

 

It listed Cambodia as one of the four countries – together with Laos, Myanmar, and Vietnam – that are recent outperformers. “Seven economies achieved or exceeded real annual per capita GDP growth of 3.5 percent for the entire 50-year period. East and Southeast Asia has been the best-performing region, lifted by the soaring economies of all the seven long-term outperformers as well as the four recent outperformers (Cambodia, Laos, Myanmar, and Vietnam).

 

“The seven are China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, and Thailand. East and Southeast Asia is also the biggest economic region, accounting for 47 percent of the GDP of the emerging economies we examined,” said McKinsey. It also said Cambodia is part of a group of 11 countries that have achieved excellent economic performance in recent years but whose economic achievements are not widely publicised.

 

read more https://www.khmertimeskh.com/50535015/cambodia-among-fastest-growing-economies-in-region-mckinsey/

 

-- © Copyright Khmer Times 21/09

[natway09]

They have sold their soul to the Chinese.

Sinoukeville has seen over 2,000 expats pack up & move mainly as a result of property prices getting ridiculous because Chinese businessmen can buy a passport for US 100,000 which allows them to buy

land & build Casinos.

No local content for labour except maybe the concrete trucks