Myanmar Economy to Shrink Further in 2025, World Bank Says

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Myanmar’s GDP is expected to contract by 1 percent in the fiscal year ending March 2025, a downward revision from the previous projection of modest growth.

According to the report, Myanmar’s GDP is expected to contract by 1 percent in the fiscal year ending March 2025, a downward revision from the previous projection of modest growth.

While migration has given people a means of escaping the conflict and providing for their families – Myanmar migrants to Thailand and Malaysia typically earn two to three times what they would earn inside the country – this outward flow of labor “poses some risks to Myanmar’s longer-term development,” the Bank noted.

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Article Details

Author / Journalist: Sebastian Strangio

Category: Economy

Markets: United StatesBangladeshChinaIndiaNorth KoreaKyrgyzstanMalaysiaMozambiqueMyanmarPakistanThailandUzbekistan

Topics: Report Percent Conflict Myanmar’s Myanmar Bank Million People Economic Year Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 08:56:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2018 words

Reading Time: 12 minutes read

Sentences: 77 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 24379018

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