Myanmar to grow by 6% in 2021: ADB

The Myanmar economy is forecast to expand by 6 percent in 2021, according to the Asian Development Bank (ADB) in its latest report on December 10.

“The outlook for developing Asia is showing improvement. Safe, effective, and timely vaccine delivery in developing economies will be critical to support the reopening of economies and the recovery of growth in the region.” said ADB Chief Economist Yasuyuki Sawada.

In Myanmar, growth is expected to be supported by stable performance in agriculture, higher government spending, and expansion in the telecommunicationsindustry. The country’s largest neighbours, China and India, are also forecast to grow, which bodes well for Myanmar.

Source : Myanmar Times

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