Economy of coup-wracked Myanmar to contract 18%: World Bank


Volunteers help provide a coronavirus (COVID-19) patient with extra oxygen in the town of Kale, Sagaing Region, Myanmar. - Reuters

BANGKOK/YANGON, July 26 (AFP): Myanmar's economy is expected to shrink by 18 per cent in 2021, the World Bank said Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak.

The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more than 900 people according to a local monitoring group.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

World Bank , Report , Myanmar , Economy , Down 18%

   

Next In Aseanplus News

Woman posed as deity to cheat followers of S$7mil, forced some to eat human faeces
Plans for Thai maid to inherit US$2.7mil in assets from French boss hit a snag
HK singer Eason Chan injures back during China concert, continues performing with teary eyes
Faisal in good spirits, says Hannah
Jokowi's son Kaesang touted as candidate for Bekasi mayor
Govt had nothing to do with police probe into Forest City Casino issue, says Fahmi
Ringgit ends lower on firmer US dollar index
Ex-transport minister Iswaran wins bid for joint trial of both sets of criminal charges
Laos rolls out project to reduce greenhouse gas emissions
Malaysia should extend visa waiver for Chinese tourists, says MCA vice-president

Others Also Read