World Bank economists say Myanmar’s economy grew 3% last year and will likely achieve the same pace in 20-23 VERBATIM: Despite the positive figures, Myanmar’s economy still lags far behind where it stood before the army seized power in early 2021. The global lending agency issued a report that estimates Myanmar’s level of economic activity […]
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Myanmar’s economy grew 3% last year and set to repeat in 2023
World Bank economists say Myanmar’s economy grew 3% last year and will likely achieve the same pace in 20-23
VERBATIM:
Despite the positive figures, Myanmar’s economy still lags far behind where it stood before the army seized power in early 2021. The global lending agency issued a report that estimates Myanmar’s level of economic activity is still more than 10% below where it stood before the pandemic and the military takeover. It says that if the global economy slows further as expected, the country might see exports and investment weaken further.