Inflation and conflict weaken Myanmar’s economy which is only expected to grow 3% in 2022, says World Bank

YANGON, Sept 27 (Bloomberg): Myanmar’s economy remains weak due to high inflation and worsening external pressures amid "elevated levels of conflicts,” according to the World Bank.

The economy is likely to expand 3% this year after contracting a steep 18% last year, said Aaditya Mattoo, chief economist for East Asia and Pacific.