Myanmar faces economic stagnation on conflict: World Bank

YANGON: Myanmar faces economic stagnation as rising armed conflict disrupts trade and fans inflation, while a dollar shortage constrains imports, the World Bank said.

Gross domestic product growth is forecast to weaken to 1% in the fiscal year ending in March from 4%, the World Bank said in a report on Tuesday (Dec 12). Inflation will remain elevated at 20.1%, and financing the current-account deficit appears to remain challenging, the lender said.