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A recent report released by investment advisory firm Mekong Strategic Capital (MSC) showed that Cambodia’s economy is showing signs of a full recovery this year as liquidity improves and export demand rises.
The report, titled “Economic Snapshot and Outlook to 2024,” said the outlook for this year and beyond was positive after a notable economic slowdown began in mid-2022, dampening growth and domestic demand.
Exports of clothing, textiles and footwear grew 19% year-on-year in the first seven months of this year, which is also a positive sign for the overall economic recovery in 2024. However, the report noted that the industry remains “somewhat shaky.”
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