Myanmar Economic Monitor, December 2018 : Navigating Risks
Myanmar's economy is navigating significant uncertainty and risks at home and abroad. A year after violent upheaval in Rakhine State led to the forced displacement of over seven hundred thousand refugees to Bangladesh, limited progress has bee...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/986461544542633353/Myanmar-Economic-Monitor-Navigating-Risks http://hdl.handle.net/10986/31031 |
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okr-10986-310312021-05-25T09:20:49Z Myanmar Economic Monitor, December 2018 : Navigating Risks World Bank Group ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INVESTMENT FISCAL TRENDS REVENUE MOBILIZATION AGRICULTURAL PRODUCTIVITY GROWTH DRIVERS FOREIGN TRADE FOREIGN DIRECT INVESTMENT MONETARY POLICY EXTERNAL TRADE TAX POLICY TAX ADMINISTRATION Myanmar's economy is navigating significant uncertainty and risks at home and abroad. A year after violent upheaval in Rakhine State led to the forced displacement of over seven hundred thousand refugees to Bangladesh, limited progress has been made in resolving fundamental issues relating to rights, repatriation and recovery. Global economic and trade prospects have also become more uncertain. Myanmar's economic growth is expected to slow from 6.8 percent in 2017/18 to 6.2 percent in 2018/19, which is still robust by regional and global standards. Macroeconomic volatility has intensified since the May 2018 Myanmar Economic Monitor, with inflation breaching two-year highs in August 2018, and the kyat depreciating by 18 percent against the U.S. dollar since April. Growth is projected to recover to 6.6 percent by 2020/21, helped by recent policy changes such as the adoption of the Myanmar Sustainable Development Plan, liberalization of wholesale and retail trade, implementation of the Myanmar Companies Law and large investments in infrastructure projects including those related to the Belt and Road Initiative. Risks to the outlook are tilted to the downside due to the possibility of a global slowdown in trade, domestic macroeconomic imbalances, and the loss of trade-related preferences to the European Union. 2018-12-19T20:15:07Z 2018-12-19T20:15:07Z 2018-12 Report http://documents.worldbank.org/curated/en/986461544542633353/Myanmar-Economic-Monitor-Navigating-Risks http://hdl.handle.net/10986/31031 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Myanmar |
| repository_type |
Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INVESTMENT FISCAL TRENDS REVENUE MOBILIZATION AGRICULTURAL PRODUCTIVITY GROWTH DRIVERS FOREIGN TRADE FOREIGN DIRECT INVESTMENT MONETARY POLICY EXTERNAL TRADE TAX POLICY TAX ADMINISTRATION |
| spellingShingle |
ECONOMIC GROWTH ECONOMIC OUTLOOK RISKS HUMAN CAPITAL INVESTMENT FISCAL TRENDS REVENUE MOBILIZATION AGRICULTURAL PRODUCTIVITY GROWTH DRIVERS FOREIGN TRADE FOREIGN DIRECT INVESTMENT MONETARY POLICY EXTERNAL TRADE TAX POLICY TAX ADMINISTRATION World Bank Group Myanmar Economic Monitor, December 2018 : Navigating Risks |
| geographic_facet |
East Asia and Pacific Myanmar |
| description |
Myanmar's economy is navigating
significant uncertainty and risks at home and abroad. A year
after violent upheaval in Rakhine State led to the forced
displacement of over seven hundred thousand refugees to
Bangladesh, limited progress has been made in resolving
fundamental issues relating to rights, repatriation and
recovery. Global economic and trade prospects have also
become more uncertain. Myanmar's economic growth is
expected to slow from 6.8 percent in 2017/18 to 6.2 percent
in 2018/19, which is still robust by regional and global
standards. Macroeconomic volatility has intensified since
the May 2018 Myanmar Economic Monitor, with inflation
breaching two-year highs in August 2018, and the kyat
depreciating by 18 percent against the U.S. dollar since
April. Growth is projected to recover to 6.6 percent by
2020/21, helped by recent policy changes such as the
adoption of the Myanmar Sustainable Development Plan,
liberalization of wholesale and retail trade, implementation
of the Myanmar Companies Law and large investments in
infrastructure projects including those related to the Belt
and Road Initiative. Risks to the outlook are tilted to the
downside due to the possibility of a global slowdown in
trade, domestic macroeconomic imbalances, and the loss of
trade-related preferences to the European Union. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Myanmar Economic Monitor, December 2018 : Navigating Risks |
| title_short |
Myanmar Economic Monitor, December 2018 : Navigating Risks |
| title_full |
Myanmar Economic Monitor, December 2018 : Navigating Risks |
| title_fullStr |
Myanmar Economic Monitor, December 2018 : Navigating Risks |
| title_full_unstemmed |
Myanmar Economic Monitor, December 2018 : Navigating Risks |
| title_sort |
myanmar economic monitor, december 2018 : navigating risks |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/986461544542633353/Myanmar-Economic-Monitor-Navigating-Risks http://hdl.handle.net/10986/31031 |
| _version_ |
1764473486320861184 |