Heimkhemra Suy

Dec 13, 2023 | news.nestia.com | Heimkhemra Suy |Phnom Penh

Author: Heimkhemra Suy, Phnom PenhFrom 1999 to 2019, Cambodia’s economy surged, displaying an impressive compound annual growth rate of 7.7 per cent and driving a fivefold increase in per capita income from US$323 to US$1621. But these statistics belie the country’s underlying structural frailties. ……

Dec 13, 2023 | eastasiaforum.org | Heimkhemra Suy |Phnom Penh |Allison Alexy |Yiping Huang

Author: Heimkhemra Suy, Phnom PenhFrom 1999 to 2019, Cambodia’s economy surged, displaying an impressive compound annual growth rate of 7.7 per cent and driving a fivefold increase in per capita income from US$323 to US$1621. But these statistics belie the country’s underlying structural frailties. The COVID-19 pandemic in 2020 laid bare the inherent risks of an economic model that is over-reliant on a limited number of sectors and excessively exposed to external markets.