Myanmar Economic Monitor, May 2018 : Growth Amidst Uncertainty
Myanmar's economy performed better in 2017/18 with a modest growth acceleration that partially reversed the deterioration experienced in 2016/17. While the outlook remains positive, risks have intensified. The economy experienced a broad-based...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/111271527015535987/main-report http://hdl.handle.net/10986/29917 |
| Summary: | Myanmar's economy performed better
in 2017/18 with a modest growth acceleration that partially
reversed the deterioration experienced in 2016/17. While the
outlook remains positive, risks have intensified. The
economy experienced a broad-based increase in real GDP
growth to 6.4 percent in 2017/181 from 5.9 percent in
2016/17. Inflation moderated from 7 percent in 2016/17 to
5.5 percent in 2017/18. The exchange rate was stable and
appreciated slightly towards the end of the year, the
current account deficit narrowed slightly on strong export
growth, and the fiscal deficit also narrowed in the first
three quarters of the fiscal year. While performance remains
strong and the macroeconomic outlook is positive, there are
concerns that the slow pace of reforms, vulnerabilities in
the financial sector, and limited progress in addressing the
humanitarian crisis in Rakhine are starting to affect
business sentiment and could weaken performance. External
risks from uncertainty in global trade policy and in
commodity prices intensify the downside risks to the growth outlook. |
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