YANGON, December 16, 2020 – Myanmar’s economy continues to suffer from the COVID-19 pandemic, with growth estimated to have slowed sharply to 1.7 percent in FY19/20, down from 6.8 percent the previous year. The pandemic and associated containment measures have weakened consumption and investment, and disrupted businesses’ operations and the supply of labor and inputs, […]
World Bank warns Myanmar to double electricity sector investment
July 1, 2019 by
YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment […]
Uncertainty for economy remains despite pick-up in growth: World Bank
June 15, 2018 by
Despite the strong performance and favourable economic outlook for Myanmar, risks have emerged that could affect business confidence and derail future developments if not addressed, according to the World Bank’s Myanmar Economic Monitor released yesterday. The report said that the country’s economy performed better in 2017-18 amid growing global and domestic uncertainty, partially offsetting slower […]
Can Myanmar sustain growth momentum?
February 9, 2017 by
YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]
Myanmar has 3 Years of Strong Growth Ahead, Says World Bank
February 1, 2017 by
Myanmar’s economy will recover from a 2016 slump to expand at over 7 percent for next three years, according to a new World Bank review. But the path is still replete with risks, and many of the imbalances that plague the economy are getting worse. Like the IMF, which lowered its estimate in October, […]
World Bank bullish on growth picture in Myanmar
November 7, 2013 by
MYANMAR has achieved a high economic growth rate of 6.5 per cent this year and the momentum is expected to continue building in the next few years, according to the Word Bank. “In our view the Myanmar economy is doing very well. Myanmar has strong economic growth prospects. It has grown by 6.5 per cent […]
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