Cambodia among three most robust RCEP economies this year, says IMF

The International Monetary Fund (IMF) expects Cambodia to be among the best-performing economies in East Asia and the Pacific this year alongside the Philippines and Vietnam.

In its annual World Economic Outlook released in Washington Tuesday, the IMF said the Philippine economy was forecast to expand 6.0 percent – the fastest pace among the 15 members of the Regional Comprehensive Economic Partnership (RCEP) agreement. Cambodia ranked equal second with Vietnam, with both economies projected to grow 5.8 percent.

Other projections were 5.2 percent for China, 5.0 percent for Indonesia, 4.5 percent for Malaysia, 4.0 percent for Laos, 3.4 percent for Thailand, 3.3 percent for Brunei, 2.6 percent for Myanmar, 1.6 percent for Australia, 1.5 percent for both South Korea and Singapore, 1.3 percent for Japan and 1.1 percent for New Zealand.

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