World Bank Sees Myanmar Economy Shrinking

World Bank Sees Myanmar Economy Shrinking as Civil War Rages On
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.
Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says
Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected government headed by Aung San Suu Kyi.
Myanmar's economy to shrink as floods compound crisis, says World Bank
Myanmar's economy is expected to shrink by 1% in the current fiscal year, the World Bank said on Wednesday, sharply downgrading its economic forecast as severe floods compounded the challenges facing the conflict-torn country.
Myanmar Economy to Shrink Further in 2025, World Bank Says
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.
Myanmar's crisis-torn economy to contract further, World Bank warns
TAIPEI/CHIANG MAI, Thailand -- Myanmar's conflict-ravaged economy is expected to contract further in 2025, according to the latest World Bank assessment, which paints a grim outlook for a country suffering from rapid currency depreciation, high inflation and a heavy regulatory environment.
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World Bank Warns of Worsening Economic Crisis for Junta-Ruled Myanmar
The World Bank has confirmed Myanmar’s deepening economic crisis, sharply cutting its GDP forecast for the ...
Myanmar Opium Harvest Drops For First Time Since Coup: UN
Opium production in Myanmar has fallen for the first time since a military coup in 2021, the UN said Thursday, but the country remains the world's biggest producer of the narcotic.
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Myanmar orders foreign money held by banks changed to kyats
Myanmar’s foreign reserves stood at nearly $7.8 billion as of December 2020, according to the World Bank. The military leadership has also sought to relieve pressure on its foreign exchange ...
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Myanmar’s opium harvest declines for first time since 2021 coup but remains a global leader, UN reports
Opium production in Myanmar has fallen for the first time since a military coup in 2021, the UN said today, but the country ...
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Final environmental and social safeguard documents: Myanmar Community Assistance Livelihood Project (MCLAP) - December 2024
The Myanmar Community Assistance Livelihood Project (MCLAP) aims to build on the partnership between the ICRC and World Bank ...
Myanmar economy set to contract as floods and fighting take heavy toll, the World Bank says
BANGKOK--Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected ...
Myanmar's economy likely to shrink as floods compound crisis: World Bank
In June, the bank had projected Myanmar's economy would grow 1 per cent during the current fiscal year, which ends in March ...