Myanmar Economic Monitor, December 2019 : Resilience Amidst Risk
Myanmar’s economy continues to show resilience despite the global slowdown and domestic uncertainties. Its economy is estimated to have grown at 6.3 percent in 2018/191, marginally higher than 6.2 percent in 2017/18, supported by better performance...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/501141578669463216/Myanmar-Economic-Monitor-Resilience-Amidst-Risk http://hdl.handle.net/10986/33190 |
| Summary: | Myanmar’s economy continues to show
resilience despite the global slowdown and domestic
uncertainties. Its economy is estimated to have grown at 6.3
percent in 2018/191, marginally higher than 6.2 percent in
2017/18, supported by better performance in the
manufacturing and services sectors. Macroeconomic volatility
has increased since the June 2019 Myanmar Economic Monitor,
with inflation reaching double digits in July 2019. Economic
growth is expected to reach 6.4 percent in 2019/20, helped
by growing investment in the transport and telecommunication
sectors and government’s planned infrastructure spending
before the 2020 elections. Risks to the economic outlook are
tilted to the downside due to slowing global and regional
growth, and continued uncertainty about investor perceptions
triggered by the Rakhine crisis and the pace of reforms
prior to the 2020 general elections, although the pace has
thus far been strong. |
|---|