Despite Current Economic Fallout in Myanmar, ADB Forecasts a Bounce

YANGON — Although Myanmar’s GDP growth has fallen to 1.8 percent due to the effects of COVID-19, the Asian Development Bank (ADB) has reported that growth is forecast to bounce back to 6 percent in 2021. The bank’s Wellness in Worrying Times: Asian Development Outlook 2020 forecasts Myanmar’s GDP growth for the fiscal year ending […]

ATM Growth Slows in China, India, Picks up in New Markets

The number of ATMs worldwide reached a record 3.3 million in 2016, however, the rate of expansion slowed to 3 percent, down from 5 percent in 2015, according to the RBR report, Global ATM Market and Forecasts to 2022. The decline has largely resulted from rationalization in western Europe and markets such as Brazil and […]