Myanmar's economy in crisis as civil strife disrupts trade and livelihoods


Workers load bunches of bananas on a truck at a wholesale fruit market in Yangon on June 4, 2024. - AFP

BANGKOK: Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.

World Bank economists estimate the country's economy grew at a 1% annual pace in the year that ended in March, more slowly than earlier expected, according to a report issued on Wednesday (June 12). They expect a similar rate of growth for this fiscal year.

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Myanmar , economy

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