World Bank sees Myanmar economy shrinking as civil war rages on

Quick Summary:

The World Bank expects Myanmar’s economy to contract in the current fiscal year, as elevated inflation, a slumping currency, and electricity and labor shortages further pressure a war-torn nation.

The military junta put its growth estimate of 3.8 percent.

Persistent shortages of imported raw materials and electricity are hurting manufacturing, agriculture and services, the report said.

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Article Details

Author / Journalist: Khine Lin Kyaw | Bloomberg

Category: BusinessStartups

Markets: PhilippinesMyanmar

Topics: Fiscal Year World Shortages Growth Forecast Percent Conflict Bank 2025 Myanmar’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 10:26:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 24351919

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 8 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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