The International Monetary Fund (IMF) is projecting that Cambodia will be the third-fastest growing economy in ASEAN next year and the region’s fastest growing economy in 2025. In its World Economic Outlook released during the IMF’s annual meeting on Tuesday, Cambodia’s economy is forecast to shrink 2.8 percent this year — slightly more than the 1.5 percent contraction forecast for Indonesia.

 

Amid the COVID-19 pandemic, deeper contractions of 8.3 percent are forecast for the Philippines, 7.1 percent for Thailand and 6.0 percent for both Malaysia and Singapore. Myanmar is forecast to be the fastest growing ASEAN economy this year with GDP expanding by 2.0 percent followed by Vietnam with growth of 1.6 percent.

 

Laos is forecast to grow only 0.2 percent and Brunei by just 0.1 percent. In 2021, Malaysia is seen posting the sharpest recovery (7.8 percent) followed by the Philippines (7.4 percent), Cambodia (6.8 percent) and Vietnam (6.7 percent).

 

read more https://www.khmertimeskh.com/50773456/imf-sees-cambodia-as-aseans-fastest-growing-economy-in-2025/

9 hours ago, geovalin said:

Myanmar is forecast to be the fastest growing ASEAN economy this year with GDP expanding by 2.0 percent followed by Vietnam with growth of 1.6 percent.

Personally, along with Cambodia, I find this good news as well!

After lurking at the bottom of the barrel for decades the only way out is up