Cambodia is among a handful of emerging markets and developing economies in the Association of Southeast Asian Nations (ASEAN) region that are expected to post a current account surplus this year, the International Monetary Fund (IMF) recently projected in its World Economic Outlook.
The Philippines is forecast to suffer the biggest deficit among ASEAN economies (3.4 per cent), followed by Myanmar (2.4 per cent), Indonesia (1.5 per cent) and Laos (0.1 per cent).
In the ASEAN region, the IMF recently projected a relatively rare current account surplus of 2.3 per cent of GDP for Cambodia this year, reversing a deficit of 1.7 per cent last year.
But this surplus is forecast to…