Anti-coup protesters carry an injured man following clashes with security in Yangon, Myanmar Sunday, March 14, 2021. The army takeover in Myanmar a year ago that ousted the elected government of Aung San Suu Kyi brought a shocking end to the effort to restore democratic rule in the Southeast Asian country after decades of military rule. But at least as surprising has been the level of popular resistance to the seizure of power, which has blossomed into an insurgency that raises the specter of a protracted civil war. - AP
YANGON, Jan 30 (Bloomberg): Myanmar’s coup leader-turned-premier Min Aung Hlaing is grappling with an economy weakened by clashes with armed ethnic groups, foreign investors cutting ties and the threat of more U.S. sanctions as the junta enters its second year of government.
The aftermath of the Feb. 1 coup last year is putting at risk more than a decade of growth in the country, with the World Bank estimating the economy contracted by nearly a fifth in the last fiscal year. Myanmar’s economy might expand by just 1% in the current year to end-September, the bank has forecast.
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