International Monetary Fund. Asia and Pacific Dept
INTERNATIONAL MONETARY FUND
This 2013 Article IV Consultation highlights that economic activity in Cambodia remained strong in 2013 driven by robust exports, with garment exports helped by preferential access to European Union, and tourism with more diversified destinations. Real estate and construction also expanded, rapidly supported by fast credit growth. Foreign direct investment remained strong partly driven by factories relocating from China and Vietnam. The IMF Staff estimates real GDP growth to remain at 7 percent in 2013 owing to the sluggish global economic recovery, the recent floods, and the slowdown in economic activity during the election period.